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.
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10.71 - Manufacture of bread; manufacture of fresh pastry goods and cakes
303 jobs Number of planned job losses
Announcement Date
5 February 2015
Employment effect (start)
Foreseen end date
Description
South Yorkshire based bakery Cooplands has announced over 300 job losses. The company which is headquartered in Doncaster, South Yorkshire employed 562 staff across 80 stores and operated 26 mobile sandwich vans. The job losses will be from the head office, which is understood to employ around 200 employees, and from 39 store closures. Administrators Deloitte confirmed that 41 stores and the mobile vans have been bought by Resolve, a company which specialises in business restructuring. The sale to Resolve has secured 259 jobs, though 303 jobs are still being cut.
Sources
5 February 2015: Yorkshire Post
5 February 2015: BBC Website
Citation
Eurofound (2015), Cooplands, Bankruptcy in United Kingdom, factsheet number 78551, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78551.
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