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; Leicestershire; Rutland and Northamptonshire
Location of affected unit(s)
Corby
Sector
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14.13 - Manufacture of other outerwear
115 jobs Number of planned job losses
Announcement Date
20 April 2012
Employment effect (start)
Foreseen end date
Description
Luxury clothing maker Aquascutum has announced that it is to cut 115 jobs as it closes its factory in Corby. The company appointed administrators FRP Advisory who said that the job cuts were needed to secure the jobs of the remaining 135 employees. However, the GMB trade union is to seek legal advice after claiming Aquascutum violated statute law by not consulting on the redundancies.
No timeline has been given for the restructuring.
Sources
20 April 2012: The Guardian
Citation
Eurofound (2012), Aquascutum, Internal restructuring in United Kingdom, factsheet number 73511, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73511.
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