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.
Dutch Mercedes Benz car dealer EMA has announced that it will cut 160 jobs after being declared bankrupt. According to the sources, the receiver tried to find investors for at least part of the business, but was unsuccessful. EMA lost its dealer contract with Mercedes in 2011 and, following this, the company’s bank were no longer willing to finance them.
Eurofound (2014), EMA, Bankruptcy in Netherlands, factsheet number 77289, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77289.