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 7 December 2011, construction company Teha was declared bankrupt. All 127 employees plus 50 temporary workers were dismissed by the receiver.
Several firms have shown interest in taking over parts of the firm, which might result in rescuing some of the jobs. Background of the bankruptcy is the severe crisis that has hit the construction sector.
Eurofound (2011), Teha, Bankruptcy in Netherlands, factsheet number 72900, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72900.