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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Information And Communication Equipment In Specialised Stores 47.41 - Retail sale of computers, peripheral units and software in specialised stores
300 jobs Number of planned job losses
Announcement Date
19 October 2017
Employment effect (start)
Foreseen end date
Description
Computer retailer Misco UK has entered administration which will lead to the loss of 300 jobs. Misco UK is part of Misco Europe, which will continue to trade in Italy, Spain, The Netherlands and Sweden. Of the jobs to be cut, reports suggest that around 80 staff lose their jobs at the warehouse operations in Greenock, and around 200 staff will be let go from the company's headquarters in Wellingborough. At the time of the announcement, 330 staff were employed across the two sites. The remaining staff will be kept on to assist the administrators.
Sources
19 October 2017: ITV Website
19 October 2017: BBC Website
Citation
Eurofound (2017), Misco UK, Bankruptcy in United Kingdom, factsheet number 92382, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92382.
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