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.
The Press Daimler Refractories plant in Saint Ghislain is going bankrupt and all 173 employees will be dismissed. The closure of the plant will concern 136 blue-collar and 37 white-collar workers. The company was facing serious financial difficulties and the losses increased constantly because of the decrease in demand from the glass sector.
Eurofound (2009), Preiss-Daimler, Bankruptcy in Belgium, factsheet number 69590, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69590.