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.
Southern Salads, based in Tonbridge, Kent, has entered administration and 260 jobs have been lost with immediate effect. The company, which supplied prepared salads to supermarkets and restaurants, attributed its trading problems to the low value of the pound resulting from the decision to leave the EU. The business was reliant on importing fresh fruit and vegetables from the EU market. Administrators appointed to the 31 year old business had attempted to put together a rescue package, though ultimately this was not successful.
Eurofound (2017), Southern Salads, Bankruptcy in United Kingdom, factsheet number 91854, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91854.