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.
A sofa factory in Llantrisant in Rhondda Cynon Taf, south Wales is to close with the loss of 323 jobs.
Its owner, the furniture retailer MFI, has launched a 90-day consultation period, and hopes to find other work for staff. A MFI spokesperson said it had decided it was a better commercial decision to use a number of suppliers rather than one owned by them. The GMB union said it was 'disappointed' and wants talks with MFI as well as local politicians. The plant provides sofas for MFI and Sofa Workshop. Earlier this year, the company unveiled a major restructuring plan aimed at reviving its fortunes. An MFI spokeswoman said staff had been told more than a week ago about the changes and that consultation was already underway.
'We're trying to find other roles where possible for staff,' she said.
Earlier this month, the furniture group announced that retail sales were 19% lower than the same period last year and that it would be looking at its stores and distribution network.
Eurofound (2006), MFI, Outsourcing in United Kingdom, factsheet number 63048, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63048.
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