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

158 jobs
Number of planned job losses
Job loss
Announcement Date
19 January 2009
Employment effect (start)
19 January 2009
Foreseen end date

Description

Empire direct, an electrical retail business, has made 158 out of its 350 staff redundant. The company went into administration on 19 January 2009 while its 14 UK stores have already shut down. The cuts were blamed on the current economic conditions which had resulted in a significant decline in sales. The remaining employees are assisting the KPMG administrators with outstanding orders.


Sources

  • 19 January 2009: BBC News

Citation

Eurofound (2009), Empire Direct, Bankruptcy in United Kingdom, factsheet number 67931, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67931.