2e2

Type
Bankruptcy
Country
United Kingdom
Region
Northern Ireland;
Location of affected unit(s)
Sector
Information / Computing
63 - Computing infrastructure, data processing, hosting and other information service activities
63 - Computing infrastructure, data processing, hosting and other information service activities
63 - Computing infrastructure, data processing, hosting and other information service activities
977 jobs
Number of planned job losses
Job loss
Announcement Date
6 February 2013
Employment effect (start)
6 February 2013
Foreseen end date

Description

IT services company 2e2 has gone into administration with the loss of 977 jobs. The redundancies were implemented in two waves of 350 and 627 people.

Administrators had hoped to sell the business as a going concern but have been unable to. It is reported that staff were informed by a conference call that they had lost their jobs.

Sources

  • 6 February 2013: The Times
  • 6 February 2013: The Financial Times

Citation

Eurofound (2013), 2e2, Bankruptcy in United Kingdom, factsheet number 74899, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74899.