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.
Following continuos financial troubles, PD Consulting (the then interim managing firm of Rainbow Kft, operator of Alexandra bookstore chain) decided to close down all of the company's 56 stores. 362 jobs will be lost. 29 of those stores will be reopened and operated by various publishing houses. Around half of 362 employees are likely to be re-hired by the new store operators.
Eurofound (2017), Rainbow, Closure in Hungary, factsheet number 90505, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90505.