Type
Bankruptcy
Country
Netherlands
Region
Zuid-Nederland; Noord-Brabant;
Location of affected unit(s)
Valkenswaard
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41 - Construction of buildings

167 jobs
Number of planned job losses
Job loss
Announcement Date
3 August 2010
Employment effect (start)
Foreseen end date

Description

On 3 August 2010, staircase renovation company Upstairs filed for bankruptcy. According to a spokesperson, the loss of turnover in the renovation of stairs was due to negative publicity after a television boradcast by a consumer organisation. The receiver announced that all 167 employees will lose their jobs. In the meantime, a search is conducted to find potential buyers to take over part of the activities.


Sources

  • 28 July 2010: Het Finacieele Dagblat (www.fd.nl)

Citation

Eurofound (2010), Upstairs, Bankruptcy in Netherlands, factsheet number 70804, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70804.