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.
About 120 staff in telecommunications company Sigma Telecom have been laid off due to the winding up of the 3G mobile phone retailer. Sigma Telecom was both a creditor of, and a shareholder in, 3G. Ulster Bank appointed a receiver to Sigma Telecom at the company's invitation. There were initially hopes that the business, which supplied the 3G shops, but also mobile network operator, Meteor, could be saved. But Meteor, which was Sigma Telecom's main business apart from 3G, moved its supply contract to another company, RCI Radius.
Eurofound (2010), Sigma Telecom, Closure in Ireland, factsheet number 70422, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70422.