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 3 May 2012 a Danish passenger air transport company, Cimber Sterling, filed for bankruptcy to the court in Sønderborg. All 600 employees - aircraft mechanics, cabin crew, pilots and administrative employees - will be made redundant.
Other airliners have already shown interest in the dismissed employees, among others Jet Time that will presumably take over between 80 and 100 pilots, cabin crew and technical staff.
Eurofound (2012), Cimber Sterling, Bankruptcy in Denmark, factsheet number 73656, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73656.