Type
Bankruptcy
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Retail
Wholesale Trade, Except Of Motor Vehicles And Motorcycles
Wholesale Of Food, Beverages And Tobacco
46.34 - Wholesale of beverages

685 jobs
Number of planned job losses
Job loss
Announcement Date
9 October 2012
Employment effect (start)
9 October 2012
Foreseen end date

Description

Drinks' wholesaler Waverley TBS will make 685 staff redundant, after administrators failed to find a buyer for the business. The restructuring was blamed on declining numbers of pubs and bars in the UK.


Sources

  • 9 October 2012: BBC News

Citation

Eurofound (2012), Waverley TBS, Bankruptcy in United Kingdom, factsheet number 74340, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74340.