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.
On 3 September 2013, the broadcasting comapny SWR reported on the dismissal of 120 employees of airliner ACG Air Cargo. The company had already filed for insolvency in spring 2013. After talks with several potentials buyers/inverstors failed, ACG had to dismiss the remaining 120 staff.
Eurofound (2013), Air Cargo Germany (ACG), Bankruptcy in Germany, factsheet number 75818, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75818.