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 Body Shop, a retailer of toiletries and cosmetics, is to cut 275 staff worldwide. The company, which has over 2400 stores worldwide in 61 countries, will make 150 of the cuts in the UK, but no further information has been released as to which other sites will be affected. As of 1 March 2009 the company, which is owned by French multinational L'Oreal, has not announced a timeline for the implementation of these redundancies, and no further information is available as to how many people the company will continue to employ.
Eurofound (2009), The Body Shop, Internal restructuring in World, factsheet number 68402, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68402.