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 31.09 - Manufacture of other furniture
161 jobs Number of planned job losses
Announcement Date
10 October 2018
Employment effect (start)
12 October 2018
Foreseen end date
12 October 2018
Description
Furniture manufacturer Quality Furniture Company has announced it will stop trading on 12 October 2018 and 161 staff members will be made redundant. The company, based in Grantham, Lincolnshire, entered administration in August 2018 and at that stage the future of the business was uncertain. Despite efforts to sell the business, the administrators have announced that no viable offer could be secured and that the company will cease trading. At the time of entering administration there were 271 employees, though by the time of the announcement of closure, that number had reduced to 161.
Sources
Citation
Eurofound (2018), Quality Furniture Company, Closure in United Kingdom, factsheet number 95662, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95662.
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