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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Publishing Activities 58.11 - Book publishing
140 jobs Number of planned job losses
Announcement Date
2 March 2018
Employment effect (start)
Foreseen end date
Description
Book publisher Parragon has announced plans to close, following a number of years of difficult trading conditions. The business, which has its UK headquarters in Bath, confirmed that 140 jobs are subject to the statutory 45 day consultation period, which will begin on 7 March. In addition to the job losses in the UK, further losses are expected to take place in the overseas parts of the business taking the total number of employees affected to 245. The business continues to seek a buyer, though if no buyer emerges, then closure plans will take effect.
Sources
2 March 2018: Bath Chronicle
Citation
Eurofound (2018), Parragon, Closure in United Kingdom, factsheet number 93746, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93746.
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