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 Waitrose has announced plans to close seven of its stores. The decision puts 677 jobs at risk. Three of the stores (Bromley in London, Oadby in Leicestershire and Wollaton in Nottinghamshire) have been sold to competitor Lidl though it is understood that Lidl will bring in its own staff. The other sites (Sandhurst in Berkshire, Marlow in Buckinghamshire, Stevenage in Hertfordshire, and a convenience store near Heathrow) are expected to close in the Autumn of 2019. The statutory period of consultation is reported to be underway. This restructuring is the second by Waitrose in 2019; earlier in the year it announced the closure of five stores.
Eurofound (2019), Waitrose, Closure in United Kingdom, factsheet number 98241, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98241.