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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.71 - Retail sale of clothing in specialised stores
120 - 140 jobs Number of planned job losses
Announcement Date
16 April 2015
Employment effect (start)
Foreseen end date
Description
Childrenswear retailer Mothercare has announced that it is to cut up to 140 shopfloor managers as part of a restructuring to turn around the loss-making business. 620 managers are understood to have been put at risk of redundancy with it being reported that between 120 and 140 jobs are expected to go. The move is expected to result in a saving of 1.3 million GBP and put the company's payroll-to-sales ratio in line with competitors. The company has confirmed that it has begun consultation with those at risk. The timescale for the job losses is not yet known. .
Sources
16 April 2015: The Guardian
Citation
Eurofound (2015), Mothercare, Internal restructuring in United Kingdom, factsheet number 79375, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79375.
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