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.
Manufacturer of industrial saw blades Ultra Nova is bankrupt and will dismiss all 111 staff in January 2014.
This follows a decision of Roanne commercial court that ordered the closure in case no buyer would be found until 10 January.
The site was liquidated a first time in 2003 (see ERM Factsheet) and a second time in 2008, before it was taken over by the German Doering group.
Eurofound (2013), Ultra Nova, Bankruptcy in France, factsheet number 76246, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76246.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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