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.
Dutch office supplies company, ACI Adam, has been declared bankrupt with the loss of 125 jobs.
According to the source, the bankruptcy was caused by financial difficulties due to the unpaid bills of their main customers. The company has been experiencing financial losses since 2013 despite cost-savings measures.
According to the source, the receiver does not expect a buyout of the company. No details about the exact timeframe of the restructuring process are available yet.
Eurofound (2014), ACI Adam, Bankruptcy in Netherlands, factsheet number 76942, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76942.