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.
The Tom Hogan Motors, the Toyota car dealership, is to close, resulting in 190 redundancies. The car dealership has been experiencing serious trading difficulties, which forced it to go into liquidation. The car dealership had outlets in Galway, Clare and Tipperary, and was one of the largest Toyota dealerships in the country. Ireland's serious economic recession has a had a knock-on effect on car sales.
Eurofound (2009), Tom Hogan Motors, Bankruptcy in Ireland, factsheet number 69185, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69185.