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.
Nisbets, the British company that specialises in supplying catering equipment to food service and hospitality businesses, has announced restructuring plans which include 800 job cuts at all levels of the business. The redundancy consultations with the affected employees are already underway.
The company has said that the restructuring was necessary to reduce costs and ensure the long-term sustainability of the business in the wake of the COVID-19 pandemic.
Nisbets is the UK’s largest supplier of catering equipment. The company employs 2,200 people globally, including in Ireland and some European countries, China, Australia and New Zealand.
Eurofound (2020), Nisbets, Internal restructuring in United Kingdom, factsheet number 101100, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101100.