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.
Facing an important financial crisis, the company has announced a restructuring plan which involves the closure of some of its plants and offices, with a total reduction of 162 employees. By the end of September 2004, the opening of a bankruptcy procedure was becoming increasingly likely. The Finmatica Group operates in 12 countries and has some 900 employees worldwide, of which 570 in Italy.
Eurofound (2004), Finmatica, Internal restructuring in Italy, factsheet number 60558, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60558.