Type
Closure
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail trade
47 - Retail trade

1,400 jobs
Number of planned job losses
Job loss
Announcement Date
19 December 2008
Employment effect (start)
Foreseen end date
19 December 2008

Description

MFI, a retailer of furniture and other household goods, has announced the closure of its 111 stores across the UK with the loss of 1,400 jobs. The company went into administration in November due to falling demand. The job cuts were announced after the administrators failed to find buyers for the business. The losses have already been implemented but as of 19 December 2008 there is no information on whether they took the form of direct dismissals and/or voluntary redundancies.  


Sources

  • 19 December 2008: BBC News UK

Citation

Eurofound (2008), MFI, Closure in United Kingdom, factsheet number 67765, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67765.