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.
Terken, the largest independent French brewery, has gone bankrupt and will close within 3 weeks, putting its 117 employees out of a job. It employed 395 employees in 2000. In 2001, it had already filed for bankruptcy and was taken over by Covinor, with the loss of 180 employees. The workers of the factory are considering to launch a worker's producer's cooperative.
Eurofound (2004), Terken, Bankruptcy in France, factsheet number 59698, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59698.