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.
KS Stivideermise, a firm that offers stevedoring services, has announced its bankruptcy and the subsequent redundancies of the 113 employed at its site in Tallinn. The bankruptcy comes as a result of a loss of a key customer at the Port of Paljassaare. The customer’s decision to stop using KS Stivideermise’s services was based on a loss of trade with Russian firms in recent months. KS Stivideermise announced its bankruptcy in July 2007. On August 13th 2007, Harju County Court confirmed both the bankruptcy and the job losses.
Eurofound (2007), KS Stivideerimise, Bankruptcy in Estonia, factsheet number 65810, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65810.