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 of Nantes announced on 3 April 2007 that Askea Industries, an engineering group based in the French city of Clisson, is bankrupt. The company, a supplier of the automobile industry, had a workforce of 101 employees. The economic conditions facing the sector did not help Askea's cause, in particular the long deadlines for payment imposed by Askea's clients, the automobile equipment manufacturers.
Eurofound (2007), Askea Industries, Bankruptcy in France, factsheet number 65200, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65200.