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.
Sayers The Bakers, the UK-based bakery and chain of baker’s shops entered administration on 18 December 2019. Although the company was bought out of administration the following day and 1,400 of its employees were transferred to a new firm, it was announced that 100 employees would be made redundant because 11 shops were to be closed down. A representative of the administrators said: ‘We are doing everything we can to support these employees’.
Sayers The Bakers was established in 1912 and had 167 shops under the brand names Sayers, Poundbakery and Poundcafe across the North of England, North Wales and the Midlands.
Eurofound (2019), Sayers The Bakers, Merger/Acquisition in United Kingdom, factsheet number 99504, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/99504.
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