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.
South Midland Construction, an Irish civil engineering company, collapsed with significant debts and the loss of 100 jobs. The company went into liquidation on 9 November 2007 and was subsequently put up for sale. The firm had been in business for more than 40 years and had annual revenues of more than €70 million. At the time of the announcement, SMC was building a gas pipeline between Castlebar and Westport for Bord Gáis, but that work was then put on hold.
Eurofound (2007), South Midland Construction (SMC), Closure in Ireland, factsheet number 66011, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66011.