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 Fieratex S.A. company was founded in 1988 by the Anezoulakis family. The company’s industrial facilities span 58 stremmata (approximately 14.3 acres) in Nea Santa, Kilkis. It was one of the leading textile companies in Greece, employing over 2,000 people in independent administration and management departments. In recent years, the company has faced significant financial difficulties, stopped publishing its financial statements, reduced its workforce, and on June 5, the last 100 employees were placed on furlough. On July 30, 2024, the company filed for bankruptcy at the primary Court of Kilkis, with the case scheduled to be heard on October 2, 2024. The remaining one hundred employees are expected to lose their jobs.
Eurofound (2024), Fieratex, Bankruptcy in Greece, factsheet number 201449, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201449.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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