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.
All 450 jobs at Thermphos, the only remaining producer of phosphor in Europe, will be lost due to bankruptcy. While the bankruptcy had been declared in November 2012, it became clear now that no buyer could be found.
It is reported that reasons of the bankruptcy are the large increase in phosphor imports from Kazakhstan and concerns about the environmental impact of the plant.
Eurofound (2013), Thermphos, Bankruptcy in Netherlands, factsheet number 74782, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74782.