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.
Construction and design company Shaylor Group has appointed administrators and ceased trading with immediate effect. The company's 200 staff have been made redundant. The business, which is based in Walsall in the West Midlands, had experienced cash flow problems in recent times, which ultimately led to the decision to appoint administrators. A spokesperson for the administrators said that their twin priorites would be supporting affected employees getting access to redundancy payments and to ensure that work is tranferred to new contractors.
Eurofound (2019), Shaylor Group, Closure in United Kingdom, factsheet number 97968, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97968.