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.
Power manufacturing firm Mitra Energy and Infrastructure situated in Wavre (Wallonia) filed on bankruptcy on Wednesday 17 March resulting in the loss of 193 jobs. When the manager of the company, Eric Brouwers, bought it from the Cherokee American group in 2008, Mitra was already in poor financial health. Trade unions declared that they were not taken by surprise since the new CEO had never found the necessary partners and investors to strengthen the financial base of the company.
The company had operated in the design, the development and the manufacture of power conversion solutions and conversion systems.
Eurofound (2010), Mitra Energy et Infrastructure, Bankruptcy in Belgium, factsheet number 70358, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70358.
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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