Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Nationwide
Sector
Wholesale / Retail
Retail trade
Retail sale of other goods, except motor vehicles and motorcycles
47.71 - Retail sale of clothing

140 jobs
Number of planned job losses
Job loss
Announcement Date
7 January 2010
Employment effect (start)
7 January 2010
Foreseen end date

Description

140 jobs to be lost as the owner of the discount fashion retailers Happit has been placed in administration. 60 jobs have already been lost as fourteen stores in Scotland have been closed and another 80 job losses have been announced as another 15 stores in England have been closed by administrators Begbies Traynor. Increased competition has been blamed. However, more than half the company's stores will remain open as attempts are made to find a buyer. No details were given on numbers currently employed by the company or the date by which job losses are expected to be completed.


Sources

  • 7 January 2010: BBC Website

Citation

Eurofound (2010), Happit, Internal restructuring in United Kingdom, factsheet number 70063, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70063.