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.
Araksos quarries, in Achaia, is closing down and its 150 workers loose their jobs.
According to the sources, the Greek Council of State decided, at the beginnings of December, 2010, the closing down of Araksos quarries after the appeal of local citizens at the Municality of Larissos, Achaia. As such 150 workers loose their jobs. The local citizens' lawyer said that the residents applications have been, finally, accepted, asking for the cancelation of environmental terms -Araksos quarries are operating inside the National Park of Kotyhi-Strofylia which is protected by the Ramsar Convention- as well as the decisions of re-operating quarry sites at the quarry zone of Araksos.
The 150 workers in the quarries issued a statement asking all the competent bodies to undertake responsibility and take all the necessary action in order to safeguard their positions in a period of severe economic crisis.
Eurofound (2010), Araksos quarries, Closure in Greece, factsheet number 71395, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71395.
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