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.
Prevent Global, a holding company with a number of companies producing car seat covers, has entered bankruptcy. All 160 employees will lose their jobs.
Although the company went through some internal restructuring last year, it has not succeeded in surviving the severe reduction in orders from traditional customers due to a downturn in the car manufacturing industry. Moreover, the existing owners of Prevent Global do not seem to be interested in keeping the company operational. The company is part of the Skupina Prevent (Prevent Group).
Eurofound (2010), Prevent Global, Bankruptcy in Slovenia, factsheet number 70815, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70815.