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.
Bridgend based communications company Buy as You View has entered administration and has made 41 workers redundant with immediate effect. The company, which supplies electrical appliances to homes across Wales, had suffered difficult trading conditions for some time and had already made 15 workers redundant earlier in 2017. Difficulties with the industry regulator had also contributed to the firm's market position. The future for the remaining 226 workers is uncertain, though for now the administrator EY has said that for the moment the business will continue to operate.
Eurofound (2017), Buy as You View, Bankruptcy in United Kingdom, factsheet number 91900, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/91900.