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.
The multinational parent of Irish DIY and builders' merchants businesses Brooks and Tubs Tiles has announced job cuts across Ireland. Builders' merchant Wolseley Ireland said that the construction slowdown had contributed to the job cut announcement. As a result, the company is going to cut 150 across Ireland, where it presently employs a total of 1,200 people. The company intends seeking both voluntary and compulsory redundancies, and is in negotiations with union representatives.
Wolseley owns a number of builders' merchants and DIY operations in 118 stores across Ireland, including Brooks, Heat Merchants, Tubs Tiles and Electric Merchants. It is owned by British-based Wolseley plc, the world's biggest distributor of heating, plumbing and related building products. The Wolseley group employs 75,000 people in total in 27 different countries.
Eurofound (2008), Brooks and Tubs Tiles, Internal restructuring in Ireland, factsheet number 66743, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66743.
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