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.
Construction Construction of residential and non-residential buildings Construction of residential and non-residential buildings 41.00 - Construction of residential and non-residential buildings
150 - 200 jobs Number of planned job losses
Announcement Date
8 January 2025
Employment effect (start)
8 January 2025
Foreseen end date
Description
Scandi Byg, a major modular construction company, declared bankruptcy in January 2025 due to significant losses from two large construction projects. Nordic Wood Industries, which purchased Scandi Byg in 2023, has been working alongside bankruptcy administrators to salvage parts of the company. As a result, a restructured, smaller Scandi Byg will continue operations, focusing on simpler projects. Approximately 85 out of 200 employees will be rehired. The restructuring effort aims to complete ongoing projects and stabilize the company’s future, though specific details of the reorganization remain uncertain.
Sources
8 January 2025: Scandi Byg (Company press release) (www.scandibyg.dk)
Eurofound (2025), Scandi Byg, Bankruptcy in Denmark, factsheet number 202264, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202264.
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