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 10 May 2012, the Commercial Court of Melun (Seine-et-Marne) decided the liquidation of Prevent Glass (employing 214 people), a company specialized in the manufacturing of flat glass for the car industry.
Trade unions denounce the responsibility of Volkswagen, the main customer of Prevent Glass, representing 75% of its turnover, after the company's decision to stop cooperation with the French supplier.
Prevent Glass was placed into receivership in November 2011. The Court, in response to the proposal by the Ministry of Industry, allowed pursuing the activities until April to give a new chance to find a buyer. Two investors from Hungary and Spain were contacted but eventually refused to take over the site. As there has been no other buyer for the plant, it is to be closed. The employees are to be dismissed by the end of May, but still hope that the site would be taken over by a company that could need their work.
Eurofound (2012), Prevent Glass, Bankruptcy in France, factsheet number 73572, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73572.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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