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.
JD Wetherspoon, the British pub company has announced that it is planning to make up to 450 jobs redundant at its pubs at Gatwick, Heathrow, Stansted, Birmingham, Edinburgh and Glasgow airports. The redundancies represent nearly half of the staff working at these six pubs.
The company’s chief executive said the decision to cut jobs was motivated by the significant reduction in air travel and passenger numbers visiting pubs in airport waiting areas in the wake of the coronavirus pandemic.
JD Wetherspoon has almost 900 Wetherspoon’s pubs, a chain of Lloyds No.1 bars and a growing number of Wetherspoon’s hotels across the UK and Ireland.
Eurofound (2020), JD Wetherspoon, Internal restructuring in United Kingdom, factsheet number 102032, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102032.