Type
Bankruptcy
Country
United Kingdom
Region
Northern Ireland;
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Trade, Except Of Motor Vehicles And Motorcycles
47 - Retail trade, except of motor vehicles and motorcycles

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

Description

Electrical goods chain Laser announced plans to cut 140 jobs in Northern Ireland. The company went into administration last week, but on 9 April KPMG announced that the business could not be saved. Most of the employees have already been made redundant while a number have been retained to assist with the orderly closure of the company.


Sources

  • 9 April 2010: BBC News

Citation

Eurofound (2010), Laser, Bankruptcy in United Kingdom, factsheet number 70402, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70402.