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.
In Septeber 2011 a court decision was handed down announcing the bankruptcy of century-old Bydgoszcz Centrostal. This manufacturer of steel mill products is dismissing all its 250 employees. The company was strongly affected by the financial crisis and the main reason behind the bankruptcy (as well dismissals) was the critical financial situation of the Bydgoszcz Centrostal.
Eurofound (2011), Centrostal Bydgoszcz, Bankruptcy in Poland, factsheet number 72435, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72435.