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 Household Equipment In Specialised Stores 47.59 - Retail sale of furniture, lighting equipment and other household articles in specialised stores
333 jobs Number of planned job losses
Announcement Date
1 December 2014
Employment effect (start)
1 December 2014
Foreseen end date
Description
Kitchen and bathroom retailer Mark Two Distributors has announced that it is to shed over 300 jobs after the company entered administration. 137 redundancies were made from the home selling division, followed by an additional 196 redundancies from the logistics side of the business. The job losses follow the decision by supermarket group Tesco to close its kitchen and bathroom divisions after it had 'identified concerns' with Mark Two's ability to deliver the level of service which was required. A buyer had been sought for the logistics side of the business, but when that was not forthcoming the administrators announced the second wave of redundancies. Seventeen staff has been retained to assist with the sale of the company's assets.
Sources
1 December 2014: Insider Media
Citation
Eurofound (2014), Mark Two Distributors, Bankruptcy in United Kingdom, factsheet number 77968, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77968.
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