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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail trade, except of motor vehicles and motorcycles
1,400 jobs Number of planned job losses
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.
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