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.
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.93 - Manufacture of carpets and rugs
248 jobs Number of planned job losses
Announcement Date
28 August 2008
Employment effect (start)
1 September 2008
Foreseen end date
31 December 2008
Description
Ralos, founded by the Italian group Radici in 1972, has announced its bankruptcy and closure by the end of 2008. Ralos manufactures carpets and employs a total of 248 persons, including 191 blue-collars and 57 white-collars. The company faced some problems of overproduction and had for several years significant losses. Debts accumulated and the company is now unable to pay. For now, no potential buyer has been identified.
Eurofound (2008), Ralos, Bankruptcy in Belgium, factsheet number 67002, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67002.
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