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.
Maître Paul, a Dutch manufacturer of frozen pastry products based in Tilburg announced 130 job cuts after the company was declared bankrupt at the end of October.
The Japanese company Châteraisé, owner of Maître Paul since 2012, wanted to expand into the European market but it remained too dependent on the Japanese market. Maître Paul went into administration to explore the possibilities of a reboot, resulting in that Châteraisé has taken over from Maître Paul, focusing exclusively on the Japanese market. This allows 50 employees to keep their jobs.
The company is working together with unions to assist dismissed workers in their job search, but union representatives were pessimistic about the outlook for most of the 130 employees who lost their jobs.
Eurofound (2020), Maitre Paul, Bankruptcy in Netherlands, factsheet number 102590, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102590.