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.
General household retailer Clas Ohlson has confirmed that it will close five UK stores, leaving only its site in Reading operational. The move is part of a plan to close stores across the UK and in Germany as the business intends to focus more on its online sales. A spokesperson for the company commented that moving the greater part of the business online was a response to changes in customer behaviour. The closures will result in the loss of approximately 150 jobs. It is not known when the closures will take effect.
Eurofound (2018), Clas Ohlson, Closure in United Kingdom, factsheet number 96262, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96262.