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.
Arco Textiles was declared involvent, leading to a total of 288 job losses.
The Special Revitalization Plan that the administration of the company presented last year was refused by creditors (such as banks). This refusal was the main reason to the court declare the insolvency of the company.
Eurofound (2015), Arco Texteis, Bankruptcy in Portugal, factsheet number 78733, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78733.