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 French fashion retailer Camaieu dismissed its remaining 139 employees employed in the company's 44 Italian stores.
The brand stopped operating its shops already in July 2020, due to the impact of the COVID-19, and later declared bankruptcy at the Court of Milan.
The decision was undersigned by an agreement with the trade unions, so that the ban against dismissals could be overcome. Since they were not receiving their wages, workers were in fact asking for their dismissal in order to be able to accede to the unemployment benefit Naspi.
Eurofound (2020), Camaieu, Bankruptcy in Italy, factsheet number 102972, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102972.