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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Household Equipment In Specialised Stores 47.54 - Retail sale of electrical household appliances in specialised stores
350 jobs Number of planned job losses
Announcement Date
5 February 2019
Employment effect (start)
Foreseen end date
30 April 2019
Description
Home appliance retailer Brighthouse has announced plans to close 30 of its shops which will result in the loss of 350 jobs. The store which operates on a rent-to-own model is making the changes ahead of new regulatory arrangements, due in April 2019, which will cap the total amount payable under these terms. Brighthouse has informed staff of the plans, and intends to close stores within two months, meaning that closures should take effect before the legislation changes. The locations of the affected stores have been reported.
Eurofound (2019), Brighthouse, Internal restructuring in United Kingdom, factsheet number 96692, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96692.
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