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.
In September 2011, Hunsfos Factories, a paper factory in Vennesla in Vest-Agder, Norway, filed for bankruptcy, which result in the dismissal of 120 workers.
Following several years of financial deficits and the announcement of bankruptcy, the factory closed down. It was reported that the new owners made efforts to sustain the business, but eventually, in March 2012 the factory site was sold to Hunsfos Industrial Company with plans to create a business park on site.
Eurofound (2011), Hunfos Fabrikker, Bankruptcy in Norway, factsheet number 73681, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73681.