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.
Brano Group, a Czech manufacturer of automotive parts, has recently dismissed about 100 agency workers due to the coronavirus outbreak and the temporary closure of car manufacturers in the Czech Republic. Of the 2,400 Brano Group staff in the Czech Republic, around 2,100 are already or will be home from next week. According to the chairman of the Board, Pavel Juříček, the company expects sales to fall by at least CZK 1.5 billion (€ 55 million). In 2019, sales revenues amounted to CZK 6.7 billion (€ 254 million).
Eurofound (2020), Brano Group, Internal restructuring in Czechia, factsheet number 100114, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100114.