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.
KPMG Restructuring liquidator of insurance company Astra Asigurari announced the cut of 500 jobs. Astra Asigurari declared bankruptcy in December 2015. KPMG Restructuring took over the restructuring process and considered the business transfer to another investment company. By December 2015, Astra Asigurari had in its portfolio more than 1 million valid insurance policies.
The job losses were announced by the liquidator on May 15th 2016, and are to be implemented as of 6 June 2016.
Eurofound (2016), Astra Asigurari, Bankruptcy in Romania, factsheet number 87557, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87557.