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.
Stenpa, a French stationery manufacturer, is closing its doors, resulting in the loss of 124 direct jobs due to bankruptcy. In addition to these job cuts, an estimated 200 workers will be indirectly impacted by the closure. The company had been acquired in 2023 by the German investment fund Accursia Capital, which had hoped to revitalize the business but was not able to do so.
Employees and the local community are deeply concerned about the closure's impact, particularly given Stenpa's long history in the region, having been established in 1924.
Eurofound (2024), Stenpa , Bankruptcy in France, factsheet number 201914, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201914.