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.
Since efforts to substantively restructure the old-established construction firm Buhl-Bau, which is domiciled in the northern regions of Lower Austria, failed, it was forced to close in the mid of April 2004. The two housebanks of the firm have refused any further engagement. According to statements of the Credit Protection Association of 1870, the company has accumulated debts totalling 25 million euros. Altogether, some 220 workers, working at about 100 construction sites, stand to lose their jobs.
Eurofound (2004), Buhl-Bau, Closure in Austria, factsheet number 60321, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60321.