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.
As announced on 25 January 2021, the French fashion retailer Pimkie will be closing 40 of its 75 branches in Germany, which will result in loss of approximately 150 jobs. Pimkie has been hit hard by the COVID-19 crisis causing the company to file for bankruptcy in September 2020. The company has since then been in negotiations regarding a restructuring programme; agreement has just been reached by the company’s creditors.
Pimkie has 350 employees in Germany.
Eurofound (2021), Pimkie, Bankruptcy in Germany, factsheet number 103486, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/103486.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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