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.
Waitrose supermarket has announced plans to close five of its stores which will result in 440 job losses. The stores are located in Barry, Blaby, Ashbourne, Teignmouth and Torquay. It is being reported that four of the sites (with the exception of Ashbourne) are due to close in June 2019 when new owners will take over the premises. The plans are now subject to a formal consultation during which Waitrose has said it will explore possibilities for affected staff to remain with the company. A spokesperson for Waitrose expressed sadness at the closures, but stressed that the company was unable to continue operating sites which are not profitable.
Eurofound (2019), Waitrose, Closure in United Kingdom, factsheet number 97424, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97424.