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.
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.
Eurofound (2012), Aquascutum, Internal restructuring in United Kingdom, factsheet number 73511, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73511.