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.
The Cornwall Food Foundation, the charity which owns and runs the restaurant 'Jamie Oliver’s Fifteen Cornwall' in Newquay, in South West England, announced the closure of its site, which will make 100 people redundant. The closure affects 70 restaurant workers and 30 employees in the charity's administration.
In their statement, the charity said that they had taken the necessary steps towards liquidating of the foundation and the restaurant following an independent financial review.
The restaurant was founded in 2006 to train disadvantaged and unemployed workers as chefs and used Jamie Oliver’s name under a licence agreement. The closure is unrelated to the financial problems and collapse of Oliver’s restaurant group in spring 2019.
Eurofound (2019), Cornwall Food Foundation, Closure in United Kingdom, factsheet number 99494, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99494.
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