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 Tribunal of Commerce of Roubaix-Tourcoing has declared the closure of Saint Liévin, thread manufacturer, after it had filed for bankruptcy in December. This closure induces the loss of 341 jobs. Competition from Asia, high pay rates and the high euro have caused the bankruptcy of the group which exported 60% of its production.
Eurofound (2004), Saint Liévin, Bankruptcy in France, factsheet number 59231, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59231.