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.
On 6 April, the Commercial Court of Montpellier decided the liquidation of Belmonte (180 employees), a French company specialized in road cleaning and planning. The liquidation was due to the rising debt of the company. All the employees were dismissed within a period of 15 days after the court decision.
It is reported that a competitor operating in the north of France, JV Group (145 employees), plans to partially take over Belmonte and its 66 employees.
Eurofound (2012), Belmonte, Bankruptcy in France, factsheet number 73505, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73505.