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.
AgfaPhoto, a traditional maker of films and laboratory equipment for photo cameras has declared insolvency. The company seems to have reacted too late to the dynamic development of digital photography. 1800 jobs are at stake.
In november 2004, Agfa-Gevaert had announced worldwide measures in order to cut costs and had sold its consumer imaging business to a group of investors in a management buy out/in which operated under the name AgfaPhoto.
Eurofound (2005), AgfaPhoto, Internal restructuring in Germany, factsheet number 61656, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61656.