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.
Car dealership City Motor Holdings has entered administration with the immediate loss of 267 jobs. Administrators for the company which operated twelve sites in the south of England blamed the closure on the increased number of user cars being imported to the UK. The sites which have closed are based across Hampshire and Berkshire in Basingstoke, Newbury and Reading. A total of nineteen members of staff have been kept on by the administrators in order to manage the winding down of the company.
Eurofound (2016), City Motor Holdings, Closure in United Kingdom, factsheet number 88769, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88769.