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 commercial court from Rennes, in the west of France, announced on 25 October 2006 that the company Pelé granite, a cement manufacturer, is in bankruptcy.
Pelé Granite, created in 1968, has suffered increased competition from China and India. The company employed 125 people and the job cuts are expected to take place between 1 and 17 November 2006.
Eurofound (2006), Pelé Granite, Bankruptcy in France, factsheet number 64304, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64304.