Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Eurofound (2012), Fountains Group, Merger/Acquisition in United Kingdom, factsheet number 73032, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73032.