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 Danish construction group, Pihl & Søn, employing 2,400 persons at global level, announced that due to insolvency the company has had to file a petition for liquidation proceedings. Initially 800-900 jobs were supposed to be lost in Denmark. A new estimation followed due to the sale of a subsidiary company bringing down the figure to 600-700 redundancies in Denmark. Pihl & Søn was an important actor in public-private projects in Denmark.
Eurofound (2013), Pihl & Søn, Bankruptcy in Denmark, factsheet number 75809, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75809.