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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.71 - Retail sale of clothing in specialised stores
249 jobs Number of planned job losses
Announcement Date
19 January 2012
Employment effect (start)
Foreseen end date
19 January 2012
Description
Clothes retail chain Peacocks has announced that 249 staff have been made redundant as the firm went into administration. This equals half of the staff at Peacock's head office in Cardiff.
The 9,000 people employed in Peacock stores across the UK are kept on as the administrators are looking for buyers.
The company was unable to restructure £240m debts, and Royal Bank of Scotland informed the company it was unwilling to sustain support for the company.
Sources
19 January 2012: BBC Website
Citation
Eurofound (2012), Peacocks, Bankruptcy in United Kingdom, factsheet number 73033, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73033.
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