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.
High Street chemist Boots has announced that it plans to close around two-thirds of its in-store photo processing labs putting 400 jobs at risk. According to a company statement, the decision to close 220 of the 320 labs is a response to changing customer demand and competition from online services. A consultation has already started with affected employees and it is being reported that this is expected to conclude by the summer. Boots has confirmed that it intends to look at options for redeployment of staff, but it expects that redundancies will be necessary.
Eurofound (2017), Boots, Closure in United Kingdom, factsheet number 90469, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90469.