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.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
163 jobs Number of planned job losses
Announcement Date
2 August 2010
Employment effect (start)
Foreseen end date
31 August 2010
Description
In August 2010, window and door manufacturer Glaskek announced bankruptcy. As a result, 163 persons lost their jobs. The company had faced financial difficulties and went through a process of reorganisation to restore its financial situation but it failed to do so. As a result, in June 2010, the company filed for bankruptcy.
Eurofound (2010), Glaskek, Bankruptcy in Estonia, factsheet number 70816, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70816.
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