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 26 June 2013, the Austrian carpentry firm Skloib (owned by Pabneu since 2011) announced its closure, dismissing its 110 employees. While the future of Pabneu is most probably secured thanks to investments, Skloib's reorganization process failed, making the closure of the company necessary. When the company initially requested restructuring measures in March 2013, 50 employees had already been made redundant. The 60 workers remaining will all be dismissed because of Skloid 6.5 million euros debts.
Eurofound (2013), Skloib, Closure in Austria, factsheet number 75595, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75595.