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 commercial court of Rouen has approved the takeover of painting company Maës by three small companies from the Normandy region. The takeover will lead to 183 job cuts. The new owner will keep 41 employees working in the asbestos removal activity that they share between them.
The company has accumulated losses since 2012 and faces sharp competition and a huge decline of demand linked to the crisis in the construction sector.
Eurofound (2015), Maës, Bankruptcy in France, factsheet number 83471, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83471.