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.
Supermarket chain Marks and Spencer has announced that it is to close one of its distribution centres which will result in the loss of 450 jobs. The site at Hardwick Grange near Warrington will close in September 2018 with the loss of around 450 jobs. The decision to close the operation in Cheshire is part of a five year plan to restructure the business. A new distribution centre is planned for Hertfordshire which will be operated by logistics company DHL and the Marks and Spencer site in Bradford is in the process of being automated. Therefore, the Warrington site is no longer needed according to the company.
Eurofound (2018), Marks and Spencer, Closure in United Kingdom, factsheet number 94079, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94079.