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 Other Household Equipment In Specialised Stores 47.59 - Retail sale of furniture, lighting equipment and other household articles in specialised stores
136 jobs Number of planned job losses
Announcement Date
14 June 2018
Employment effect (start)
2 July 2018
Foreseen end date
2 July 2018
Description
Bed retailer Mattressman has announced plans to close 14 of its 25 stores, which will result in the loss of 136 jobs. As of 2 July 2018, the company, based in Norfolk, will close stores in Birmingham, Chingford, Corby, Coventry, Ipswich, Isle of Wight, Leicester, Lincoln, Manchester, Milton Keynes, Nottingham, Rotherham, Thanet and York. Under the terms of the company voluntary arrangement (CVA), the remaining stores will stay open and a spokesperson for the company said that it was hoped this restructuring would bring about a change in fortune. The company will concentrate on online sales as well as its smaller Norfolk stores, which have traditionally performed well.
Sources
14 June 2018: BBC Website
14 June 2018: The Lowestoft Journal
Citation
Eurofound (2018), Mattressman, Internal restructuring in United Kingdom, factsheet number 94534, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94534.
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