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.
Food manufacturer, The Pizza Factory will reduce its Nottingham-based workforce by 325 jobs. The job losses are a result of the company losing its contract to supply prepared chilled pizzas for major UK supermarket chain Tescos. Prior to the announcement to reduce its workforce, the company employed 1,150 at its Nottingham site in the East Midlands region of the United Kingdom. The parent company of The Pizza Factory, 2 Sisters Food Group is a large food supplier employing 23,000 workers in four countries. Before the reduction the company had a total workforce of 781 permanent employees. In addition, they employed an average of 310 agency staff each week. The company has entered into the compulsory 45 day formal consultation period however it has said the redundancies will not take place until expiration of the Tesco contract, which occurs in January 2017. Unite, the union representing over 450 members at the Nottingham factory, is trying to negotiate an enhanced redundancy package including voluntary redundancy, redeployment options and a back-dated pay increase.
Eurofound (2016), The Pizza Factory, Internal restructuring in United Kingdom, factsheet number 88389, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88389.