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.
The commercial court agreed to the take-over of Caddie, a manufacturer of supermarket trolleys, by the Altia Group. This will lead to 125 job cuts.
Caddie was placed in receivership, while losing 1 million Euros every month. The new management wants to keep the production units in France and Shangaï (China), but will sell a plant in Portugal (150 employees).
With 33 production units around the world, the Altia Group has a turn over about 430 million euro in 2011.
Eurofound (2012), Caddie, Merger/Acquisition in France, factsheet number 73641, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73641.
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