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 French court of Colmar in east of France has placed French auto supplier Staufen Plastics under liquidation. 159 employees will lose their jobs between August and November 2009.
The court has allowed the company to continue its activity until 10 November 2009, in order to give time to its sole customer, US automotive components maker Johnson Controls, to find another supplier.
Staufen Plastics, which produces composite parts for sun visors, employs 159. Its revenue, which stood at EUR 22 million in 2008, dropped by half since the beginning of 2009.
The company filed for bankruptcy in March 2009 and did not succeed in finding a buyer.
Eurofound (2009), Staufen Plastics, Bankruptcy in France, factsheet number 69390, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69390.
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