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.
Plumbing and heating wholesaler Wolseley has announced the latest stage of its planned restructure. The move is part of a longer term restructure announced in 2016 which will see the loss of 800 jobs and the closure of 80 branches. The latest plans will see the loss of 170 jobs from the distribution centre and a further 100 administration jobs from the headquarters, both of which are located in Leamington Spa. 350 remaining Leamington based employees would then be moved to a new premises within the town. The plans are subject to the statutory consultation procedures which are reportedly already underway.
Eurofound (2017), Wolseley, Closure in United Kingdom, factsheet number 92926, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92926.