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.
The 'Filature Cheniménil' (French Group La Filature) is closing down, dismissing its 116 employees. The 'Filature Cheniménil' was five months in 'legal monitoring'. The decision was made by mutual agreement by the direction and the 116 employees as a result of the significant monthly losses: EUR 200,000 -recorded by the company-). Competition from Asia is the cause of the bankruptcy. The Group La Filature has two other units in activity (Vosges: Ramonchamp and Nomexy).
Eurofound (2006), Filature, Bankruptcy in France, factsheet number 63561, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63561.