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.
Hotel / Restaurants Accommodation And Food Service Activities Food And Beverage Service Activities 56.10 - Restaurants and mobile food service activities
200 jobs Number of planned job losses
Announcement Date
24 January 2018
Employment effect (start)
Foreseen end date
Description
High Street restaurant chain Jamie's Italian, owned by TV chef Jamie Oliver, has announced that it intends to close twelve of its outlets which will result in the loss of around 200 jobs. The decision is part of a company voluntary arrangement (CVA) which will allow the remaining 25 restaurants to continue to trade as normal for now. The business has been under pressure for some time with six restaurants closing in 2017. As well as competition from other businesses, the chain has been affected by the fall in value of Sterling, making imported goods from Italy more expensive. The affected employees are currently in the consultation process with the business going on record to state that it would seek to redeploy individuals wherever possible.
Sources
24 January 2018: Insider Media
9 February 2018: Birmingham Mail
9 February 2018: Daily Mail
Citation
Eurofound (2018), Jamie's Italian, Internal restructuring in United Kingdom, factsheet number 93377, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93377.
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