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 municipally owned road construction company Oslo Vei was declared bankrupt on 7 December 2012. 165 employees received direct dismissals the following week. The bankruptcy was declared after a whistleblower warned about severe economic mismanagement, and the entire board of directors was dismissed after an investigation conducted by an accountancy firm.
Updated, 22/02/2013 The 12 employees at Huken quarry, a part of the company which produces asphalt and gravel, were told to continue their work on a temporary basis. Activity at Huken was finally suspended on 19 February 2013 after a decision by the Oslo municipal administration.
Updated, 12/06/2013 The decision for the suspension of the activities at Huken was overruled by the county governor in June 2013, and the trustees have now engaged a different company to resume production at Huken.
Eurofound (2012), Oslo Vei, Bankruptcy in Norway, factsheet number 75014, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75014.