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.
White Stuff, the British fashion retailer has cut 390 jobs, including 100 jobs in its head office and 290 jobs from its shops across the UK.
The company’s chief executive said that, due to the COVID-19 crisis, the company had accelerated an existing restructuring plan to a ‘more agile operating model’ for the company.
White Stuff was founded in 1985, when its owners started designing and selling T-shirts from mobile stalls and has grown to become a chain of 120 shops that is present in many British high streets and employs 1,100 people.
Eurofound (2020), White Stuff, Internal restructuring in United Kingdom, factsheet number 101529, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101529.