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 Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31.0 - Manufacture of furniture
112 - 600 jobs Number of planned job losses
Announcement Date
12 December 2017
Employment effect (start)
12 December 2017
Foreseen end date
Description
Norfolk based furniture manufacturer Multiyork has announced plans to cut 112 jobs with immediate effect. The company entered administration in November 2017. Subsequent efforts to find a suitable buyer for parts of the business have proven unsuccessful. Approximately 500 staff remain with the firm, at its 50 stores and its headquarters in Thetford, though the future for these jobs is still uncertain. The company will continue to fulfil orders and the administrators will continue to try to sell the business during a period of managed wind down.
Sources
12 December 2017: BBC Website
Citation
Eurofound (2017), Multiyork, Bankruptcy in United Kingdom, factsheet number 92922, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92922.
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