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.
Carimat Group, a Belgian group specialised in the distribution of building materials has filed for bankruptcy for most of its subsidiaries. The family owned business has been active for over 30 years but is forced to close its doors due to accumulating debts.
Due to the division of the group into several smaller subdisiaries no local trade union delegation had been established. Because of this, little information is made available and contact will mainly be on an individual basis between employees and the management. The types of dismissal, and arrangements that will be settled, for the employees losing their job is therefore unknown.
Eurofound (2019), Carimat, Bankruptcy in Belgium, factsheet number 98262, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98262.