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 17 May 2013, the Commercial court of Montpellier (Hérault) has decided the liquidation of the electrical installer Multitec and 116 dismissals. The company was placed in receivership in March 2013. The court decides to maintain its activities on the site of Pérols (Hérault) until the 17 of July, to facilitate a take-over. However, the court announces the immediate closure of four sites in Mandelieu (Alpes-Maritimes), Nîme (Gard), Perpignan (Pyrénées Orientales) and Vitrolles (Bouches-du-Rhône) with 116 job cuts. The 126 employees will try to take over the company by creating a cooperative.
Eurofound (2013), Multitec, Bankruptcy in France, factsheet number 75404, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75404.