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.
Plastal Holding, a supplier of plastic components to the automotive industry, filed for bankruptcy March 5, 2009. A total of 550 employees in Göteborg, Simrishamn, and Uddevalla are affected by the bankruptcy. The company has suffered a severe liquidity crisis due to the sharp downturn in the automotive industry and the distressed financial markets. Plastal is a supplier of engineered plastics to the automotive industry. Plastal manufacture interior and exterior plastic components, for cars as well as light and heavy trucks. The main product area is bumper systems, which the company develops, manufactures and delivers.
The Plastal group has over 6,000 employees at 30 production facilities and four engineering centres in Belgium, China, France, Germany, Italy, Norway, Poland, Spain, Sweden and United Kingdom. Plastal had sales of about EUR 1,300 million in 2008.
Eurofound (2009), Plastal Holding AB, Bankruptcy in Sweden, factsheet number 68520, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68520.