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.
Holiday company Bowen Travel Group has made 393 staff redundant after going into administration. 55 employees are still working in the firm in order to assist with remaining operations.
The company has 38 branches and 132 coaches. According to administrator Deloitte, Bowen was unable to pay salaries.
Eurofound (2012), Bowen Travel Group, Bankruptcy in United Kingdom, factsheet number 74408, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74408.