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 For Transport Equipment Manufacture Of Other Transport Equipment 30.12 - Building of pleasure and sporting boats
200 jobs Number of planned job losses
Announcement Date
3 July 2012
Employment effect (start)
Foreseen end date
Description
Nimbus Boats Holding, a Swedish manufacturer of leisure boats for cruising and sports, has filed for bankruptcy for Nimbus Boats Holding and its subsidiaries Nimbus Boats, Storebro Bruks, Ryds Båtindustri and Nimbus Production in Mariestad. As a result 200 employees will lose their jobs.
It is reported that the reason for the bankruptcy is a sharp drop in demand since mid-2008. Despite efforts to save the company by cutting staff and closing facilities during the recent years, the board eventually decided to file for bankruptcy.
Since 2006 Nimbus has been owned by a private equity firm, Altor. The bankruptcy petition does not include Nimbus Stockholm / NIMAX Marina (not a subsidiary).
Sources
3 July 2012: Dagens Nyheter
Citation
Eurofound (2012), Nimbus Boats Holding, Bankruptcy in Sweden, factsheet number 73835, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73835.
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