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.
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.
For more information, see EIRO report.
The Belgian authorities have applied for aid from the European Globalisation Adjustment Fund (EGF).
Eurofound (2008), Ralos, Bankruptcy in Belgium, factsheet number 67002, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67002.