The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Norwich, Liverpool, Rochford, Cannock, Uxbridge, Isle of Wight, London
Sector
Administrative Services Services To Buildings And Landscape Activities Cleaning Activities 81.21 - General cleaning of buildings
450 jobs Number of planned job losses
Announcement Date
23 January 2012
Employment effect (start)
Foreseen end date
31 January 2012
Description
Facilities management company Fountains Group has announced 450 redundancies after they went into administration and were sold to outsourcing and facilities management company OCS Group, based in Crawley, West Sussex.
According to information by the administrators 153 of the job losses were in Norwich, 139 in Liverpool and 52 in Rochford, 42 in Cannock, 47 in Uxbridge, 10 on the Isle of Wight and eight in Victoria, London.
The Fountains Group employs more than 2,000 people in the UK.
Sources
23 January 2012: BBC Website
Citation
Eurofound (2012), Fountains Group, Merger/Acquisition in United Kingdom, factsheet number 73032, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73032.
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