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.
Sphinx Tegels, a tile producer in the Netherlands, has been declared bankrupt with the immediate loss of 124 jobs. This was announced on the 6th November 2008. It is not clear yet whether it is possible to partially restart the company. The company was hit by adverse market circumstances and the credit crisis.
Eurofound (2008), Sphinx Tegels, Bankruptcy in Netherlands, factsheet number 67648, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67648.