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.
Bertelsen & Garpestad, a Norwegian civil engineering and construction contractor, announced more than 500 job losses following the bankruptcy of its entire corporate structure, affecting employees in the main contracting business and subsidiaries in the Egersund region, Bømlo and southern Norway. The insolvency began with B & G Anlegg Holding and Bertelsen & Garpestad in early March 2026 and was extended on 19 March 2026 to the parent company, B & G Holding AS, bringing all 12 companies in the group into bankruptcy; around 430 employees were affected in Bertelsen & Garpestad alone, with at least 100 more affected in subsidiaries, while the group’s debt was reported at approximately NOK 1.9 billion.
At least 500 dismissal notices have been issued, and employees have been directed to Norway’s wage guarantee scheme to claim wages during the notice period and holiday pay, while the bankruptcy estate is assessing each company individually to determine whether parts of the business can be sold or continued; the collapse is also expected to generate further losses and possible job effects among subcontractors and suppliers.
The Norwegian Union of General Workers (Norsk Arbeidsmandsforbund) has assisted affected workers, reporting that many employees are struggling with the practical and administrative consequences of the bankruptcy. Information meetings have been held on employee rights and available support measures. Bertelsen & Garpestad was a major Norwegian contractor employing 435 people before the bankruptcy, with 21 ongoing projects across Norway and operations organised through a group of 12 companies.
Eurofound (2026), Bertelsen & Garpestad, Bankruptcy in Norway, factsheet number 204328, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204328.
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