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 04 September 2024, the sanitary wholesale company Sanitop-Wingenroth from Warendorf, North Rhine-Westphalia, has announced that it will dismiss its entire workforce of 230 employees.
Part of the workforce is still on site to process the last orders. In May 2024, the company filed for bankruptcy. An investor had been sought, and although there was an interested party, the negotiations were unsuccessful. The company is one of the largest in Warendorf, and both the employees and the mayor of Warendorf reacted with shock to the company's closure.
Eurofound (2024), Sanitop-Wingenroth, Bankruptcy in Germany, factsheet number 201739, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201739.
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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