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.
East Midlands (England); Leicestershire, Rutland and Northamptonshire;
Location of affected unit(s)
Sector
Media 58 - Publishing activities 58.1 - Publishing of books, newspapers and other publishing activities, except software publishing 58.19 - Other publishing activities, except software publishing
300 jobs Number of planned job losses
Announcement Date
30 June 2010
Employment effect (start)
Foreseen end date
Description
The Art Group, a publishing company, has made nearly 300 people redundant after it went into administration earlier this week. Most of the redundancies are at the Brackmills printing site, while 30 staff were made redundant at the London office. A skeleton staff will remain to assist administrators in the hope of finding a buyer for the business.
Sources
30 June 2010: Northampton Chronicle
30 June 2010: BBC News
Citation
Eurofound (2010), The Art Group, Bankruptcy in United Kingdom, factsheet number 70684, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70684.