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.
Morrisons supermarkets has announced further store closures which will result in the loss of 680 jobs. The decision to close the stores comes despite the chain recording a surprise rise in sales over the Christmas period. Morrisons closed a number of stores in 2015 and sold off its unprofitable smaller convenience shops. Seven unprofitable medium sized stores have been earmarked for closure and consultations over redundancies have begun. The stores which are understood to be loss making are: Westgate, Bradford, West Yorkshire; Wigan, Greater Manchester; Boston, Lincolnshire; Stowmarket, Suffolk; Braintree, Essex; Tunbridge Wells, Kent; and Hounslow, west London. It is not known exactly when the stores will close, but it is being reported that the closures will take place in the next few months.
Eurofound (2016), Morrisons, Closure in United Kingdom, factsheet number 86209, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86209.