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.
George Birchall Ltd, an electrical contractor based in Chesterton near Newcastle Under Lyme, has announced that it is to enter administration. One hundred and twenty-six employees, from the Staffordshire site, have already been made redundant with immediate effect and there will be a further 15 job losses from the company's base in Edinburgh. The company which had been in business for nearly 40 years attributed the decision to enter administration to the loss of major contracts and difficult trading conditions. According to reports, the affected workers will not receive any redundancy payment from the business and will have to apply to Government for statutory pay.
The sister company George Birchall Services Ltd, which is also based in Chesterton and concentrates on facilities management and maintenance, is not affected by the announcement and will continue to trade as usual.
Eurofound (2018), George Birchall Ltd, Bankruptcy in United Kingdom, factsheet number 95505, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/95505.
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