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.
Wren Kitchens, the UK-based kitchen manufacturer and retailer, has cut approximately 700 jobs in its show rooms across the country with immediate effect, at the end of March 2020. The affected employees were told that the reason for their dismissal was under-performance.
The company undertook this internal restructuring as a consequence of the uncertainty brought by the Covid-19 pandemic. Most of the remaining staff is now under the Government’s Covid-19 Job Retention Scheme.
Wren Kitchens is a privately-owned British designer, manufacturer, and retailer of kitchens, operating 91 stores in the country and that was named ‘best employer’ in 2019. The company recruited new staff until January 2020.
Eurofound (2020), Wren Kitchens, Internal restructuring in United Kingdom, factsheet number 100193, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100193.