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 24 October 2006, Ateliers Thomé-Génot (ATG), a manufacturer of alternators for cars, was declared bakrupt by a commercial court. The company, employing 300 people, will close down at the end of October 2006. ATG is suffering from the crisis affecting automobile subcontractors in France. In 2004, ATG had been acquired by the American consultancy Catalina, which is currently subject to a legal investigation on embezzlement.
As reported, France has applied for assistance from the European Globalisation Adjustment Fund (EGF).
Eurofound (2006), Ateliers Thomé-Génot (ATG), Bankruptcy in France, factsheet number 64295, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64295.