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 Danish manufacturer of furniture, Bodilsen, based in Northern Jutland, has gone bankrupt and, on July 1st, dismissed 400 employees.
The estate is still at work on a rescue plan for the company. According to the rules concerning bankruptcy the employees will receive their unpaid wage from the Employees' Guarantee Fund, while the employers' association of Bodilsen, DI, will pay the holiday allowances. Also, according to the rules of bankruptcy, the local union of TIB (Woodworkers Union) will not take part in the continued effort to safe the company.
Eurofound (2009), Bodilsen, Bankruptcy in Denmark, factsheet number 69227, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69227.