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.
Sobrinca announced its closure due to severe economic difficulties. The measure will affect 150 workers. Debts towards the workers totalised 717 million euros (payment of the wages have been delayed since the beginning of 2004).
Eurofound (2004), Sobrinca, Brinquedos e Utilidades para Criança, Closure in Portugal, factsheet number 60538, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60538.