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.
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.31 - Manufacture of ceramic tiles and flags
131 jobs Number of planned job losses
Announcement Date
6 December 2005
Employment effect (start)
Foreseen end date
Description
Tiles-R-Us a tile selling company based in Bridgend has gone into administration with the loss of more than 131 jobs. The company has more than 90 stores across the UK, and an annual turnover of around £40 millions in tiles, bathrooms, kitchens and domestic appliances. Thirty of the stores have been closed and 131 of 450 staff have been made redundant.
Administrators PricewaterhouseCoopers said 'this restructuring should improve the prospects of the remaining business, and should provide a significantly better outcome than could be delivered if the business had ceased trading'.
Sources
6 December 2005: BBC News
Citation
Eurofound (2005), Tiles-R-Us, Internal restructuring in United Kingdom, factsheet number 62647, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62647.
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