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.
Carpet retail chain Aro Heimtextilien is to close 23 of its 85 branches in Germany and to cut 105 jobs.
The restructuring is part of an autonomous insolvency plan that was agreed upon by the courts on 21 September.
Aro is headquartered in Nuremberg, employing 450 staff in Germany to date.
Eurofound (2013), Aro Heimtextilien, Internal restructuring in Germany, factsheet number 76129, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76129.