Type
Bankruptcy
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacturing Of Furniture And Other Manufacturing
Manufacture Of Furniture
31 - Manufacture of furniture

245 jobs
Number of planned job losses
Job loss
Announcement Date
1 October 2009
Employment effect (start)
Foreseen end date

Description

Furniture company Dams International has been placed in administration and 245 jobs are to be lost across the UK. The company blamed a significant fall in turnover as a result of the economic crisis. Whilst the firm engaged in earlier restructuring it was unable to manage its cash flow which resulted in administrators being appointed. No date has been offered for the job losses.


Sources

  • 1 October 2009: BBC Website

Citation

Eurofound (2009), Dams International, Bankruptcy in United Kingdom, factsheet number 69635, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69635.