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.
Sazka, a Czech lottery company, has filed for bankruptcy and laid off about 100 people, representing about a quarter of its workforce (420 employees). The company is now managed by a bankruptcy trustee who intends to rationalise operations. The company's financial problems with debt repayment are linked with the construction of Prague Concert Hall O2 Arena.
Eurofound (2011), Sazka, Bankruptcy in Czechia, factsheet number 72471, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72471.