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.
On 3 August 2010, staircase renovation company Upstairs filed for bankruptcy. According to a spokesperson, the loss of turnover in the renovation of stairs was due to negative publicity after a television boradcast by a consumer organisation. The receiver announced that all 167 employees will lose their jobs. In the meantime, a search is conducted to find potential buyers to take over part of the activities.
Eurofound (2010), Upstairs, Bankruptcy in Netherlands, factsheet number 70804, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70804.