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.
On June 2006, the Amiens (Somme) France's official Court of Commerce and Industry ('Tribunal de commerce et de l'industrie') declared the bankruptcy and the permanent closure of the company 'Picardie Plasturgie', located in Somme, in the north of Paris. The company was a manufacturer of handbags, bags and as a result of the ruling, some 200 people will lose their job before the end of July 2006. The company was highly indebted and the offers of purchase of the company were rejected by the Court of Commerce.
Eurofound (2006), Picardie Plasturgie, Bankruptcy in France, factsheet number 63618, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63618.