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.
Serious Food Ltd, a food manufacturer, is to cut 327 jobs at its Llantrisant site in south east Wales. The company has already made 127 of its 420 staff redundant after going into administration in November 2008. The administrators failed to find buyers for the business and they announced a further 200 job losses in February 2009. The cuts were blamed on the current trading conditions. The site now operates with 90 staff only.
Eurofound (2009), Serious Food, Bankruptcy in United Kingdom, factsheet number 68021, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68021.