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 2011, car supplier Ymos filed for insolvency for six of its affiliates. 690 employees will lose their jobs (more than 300 in Ida-Oberstein and around 290 in Prenzlau). However, production is still running and the group hopes to sell off parts of the business. Furthermore, one site in Gütersloh with 60 employees will be closed and the production transferred to another location.
Eurofound (2011), Ymos, Bankruptcy in Germany, factsheet number 72267, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72267.