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 Commercial Court of Bobigny has declared the bankruptcy of Brochot. As a result, it is to close its three sites in Wingles, Roubaix and Tremblay and dismiss its 146 employees. The company, specialized in the manufacturing of equipment for non-ferrous metals, was placed in receivership in December, 2014. The company also has a subsidiary, Réalisations Inox Carbonne (RIC), in Dunkirk that employs about 15 employees, which will not be liquidated. Brochot has been experiencing financial difficulties due to a decline in orders from its customers in customers in China, Russia and various Middle-Eastern countries.
Eurofound (2015), Brochot, Bankruptcy in France, factsheet number 78451, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/78451.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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