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.
Bedding manufacturer and wholesaler Kozee Sleep Beds has been placed in administration resulting in the loss of 160 jobs. On 20 May 2015, the company ceased trading and workers were given notice of potential redundancy and sent home. Just over one week later, the administrators decided that the company was not viable as an ongoing concern and the160 workers were made redundant. While the workforce totalled 174 staff, administrators have retained 14 workers in the short-term to assist with winding up the company.
The business was located in Dewsbury in West Yorkshire and its product range included adjustable beds, headboards and orthopaedic beds.
Eurofound (2015), Kozee Sleep Beds, Bankruptcy in United Kingdom, factsheet number 83634, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83634.