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.
On 21 May 2010, Isotherma, a company specialized in insulation and removal of asbestos, has entered into liquidation leaving 360 employees jobless in Montivilliers. This company which is owned by the Bernard Krief Consulting (BKC) group since 2008, was under a plan of judicial safeguards imposed on 12 March 2010 by the commercial court. The court took this decision because BKC has taken no commitments: bring money into the company to cover its many debts to suppliers.
Eurofound (2010), Isotherma, Bankruptcy in France, factsheet number 70594, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70594.