Brewdog makes 484 staff redundant after Tilray buys UK operations
Change
Brewdog made 484 staff redundant, immediately closed 38 pubs, and transferred 733 employees to Tilray after selling its UK brewing operations, brand and 11 pubs in a £33m administration sale.
Why it matters
The redundancies force affected workers to seek unpaid wages, overtime and accrued holiday through insolvency procedures rather than through their employer. Equity for Punks investors have been excluded from recoveries and will not receive a return from the sale, constraining options for recovering invested capital.
Implications
- • Brewdog employees made redundant must submit claims through the Insolvency Service using the forms provided to seek unpaid wages, overtime and accrued holiday.
- • Brewdog employees seeking access to personal belongings must coordinate with administrators AlixPartners to obtain permission to enter closed stores.
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Source
Topics
Regulatory Actions Mergers & Acquisitions Retail & E-commerce Management Manufacturing Food & Beverages