Type
Bankruptcy
Country
Netherlands
Region
Zuid-Nederland; Limburg (NL); Zuid-Limburg
Location of affected unit(s)
Maastricht
Sector
Construction
Specialised Construction Activities
Specialised Construction Activities
43 - Specialised construction activities

124 jobs
Number of planned job losses
Job loss
Announcement Date
6 November 2008
Employment effect (start)
6 November 2008
Foreseen end date
6 November 2008

Description

Sphinx Tegels, a tile producer in the Netherlands, has been declared bankrupt with the immediate loss of 124 jobs.  This was announced on the 6th November 2008. It is not clear yet whether it is possible to partially restart the company. The company was hit by adverse market circumstances and the credit crisis.


Sources

  • 7 November 2008: Het Financieele Dagblad

Citation

Eurofound (2008), Sphinx Tegels, Bankruptcy in Netherlands, factsheet number 67648, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67648.