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.
Whitbread, the UK-based hospitality business, has announced that it will cut a minimum of 250 management positions in its pub-restaurants as part of cost-cutting programme. The mandatory consultation period is already underway and the company has promised to support staff in finding alternative positions.
A spokesperson for the company said that the aim is to simplify management teams to bring their business structure “in line with industry norms” and added that the company expects to save £250 million (€281 million) as a result of the cuts.
Whitbread’s restaurants are branded as Beefeater and Brewers Fayre. The company also owns the Costa Coffee and the Premier Inn hotel chains.
Eurofound (2018), Whitbread, Internal restructuring in United Kingdom, factsheet number 94689, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94689.