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.
Optima, a Belgian bank and financial service provider, has announced its bankruptcy. In total 170 employees will lose their jobs, mainly white collar workers. The main reasons behind the bankruptcy are incidents that have undermined both the reputation and working of the bank resulting ultimately in the revoking of its licence to perform banking activities. An exact date when the dismissals will take place has not been given. Unions state that employees are shocked by the sudden closure. No concrete actions have yet been announced.
Eurofound (2016), Optima Bank, Bankruptcy in Belgium, factsheet number 87971, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87971.