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.
Jarlan, a garment manufacturer, has filed for bankruptcy in December 2004; some 1,100 jobs are threatened. The company has accumulated debts over the preceding two years due to competition by low-cost garment producers in China and Bangladesh and to reduced orders by European buyers. The workers received a 3-month notice of termination of contract.
Eurofound (2004), Jarlan, Bankruptcy in Poland, factsheet number 60654, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60654.