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.
Clothes retailer House of Art is to lay off 400 employees by the end of 2013. The measure was promoted by the Transilvania House of Insolvency, the judicial administrator of the company during insolvency.
At present, the network of House of Art stores in Romania counts 1,200 employees.
Eurofound (2013), House of Art Romania, Internal restructuring in Romania, factsheet number 75791, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75791.