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.
Racineux Production, a clothing manufacturer, is to dismiss all 120 employees on 23 October 2009. The dismissals result from Racineux Production having been placed under liquidation by the commercial court in Nantes. The company blamed the decision on the global recession.
Eurofound (2009), Racineux Production, Bankruptcy in France, factsheet number 69714, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69714.