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 Norwegian air passenger company Flyr files for bankruptcy and more than 400 jobs are cut with immediate effect. The company failed to raise capital needed to continue its business, and an estate manager has taken over the responsibility for the company. The company has been in financial insecurity since the fall of 2022. The Cockpit Association of Norway organizes pilots in Flyr and strongly regrets that the company is now bankrupt. Flyr is a Norwegian low-cost airline established in 2020.
Eurofound (2023), Flyr, Bankruptcy in Norway, factsheet number 108345, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108345.