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 Danish fashion clothing group, DK Company, announced on 17 March 2020 that it has made 125 employees redundant due to falling profits during the COVID-19 pandemic. Furthermore, 250 stores in Denmark and Norway will temporarily close because of the spread of the coronavirus. DK Company expects its revenue to drop by up to DKK 1 billion (€133.93 million as at 27 April 2020) in 2020 because of a significant drop in sales. This corresponds to one-third of its revenue.
Eurofound (2020), DK Company, Internal restructuring in Denmark, factsheet number 100423, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100423.