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.
Kitchen and bathroom retailer Betta Living is making 300 staff redundant. A deal has been struck with administrators to sell the company's order book and to honour existing orders, though this will result in the closure of 24 shops and the loss of 300 jobs. A spokesperson for the administrators said that the forthcoming priority would be helping those who have been made redundant claim from the Redundancy Protection Service - the government service which provides payments when employers become insolvent.
Eurofound (2016), Betta Living, Closure in United Kingdom, factsheet number 89286, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89286.