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.
Meat supplier Russell Hume has entered administration and announced 266 redundancies with immediate effect. The company, which is based in Derby with sites in six UK locations, had been at the centre of a scandal about food standards. As a result of the revelations the company had lost contracts with many major restuarants and pub groups. At the time the redundancies were announced, the producer employed 302 workers. It is expected that eventually all jobs will be lost, though the administrators are currently trying to find a buyer for the business and its remaining assets.
Eurofound (2018), Russell Hume, Bankruptcy in United Kingdom, factsheet number 93589, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93589.