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.
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41.2 - Construction of residential and non-residential buildings
600 - 700 jobs Number of planned job losses
Announcement Date
26 August 2013
Employment effect (start)
27 August 2013
Foreseen end date
Description
The Danish construction group, Pihl & Søn, employing 2,400 persons at global level, announced that due to insolvency the company has had to file a petition for liquidation proceedings. Initially 800-900 jobs were supposed to be lost in Denmark. A new estimation followed due to the sale of a subsidiary company bringing down the figure to 600-700 redundancies in Denmark. Pihl & Søn was an important actor in public-private projects in Denmark.
Sources
26 August 2013: 3F.DK
2 September 2013: politiken.dk
27 August 2013: politiken.dk
Citation
Eurofound (2013), Pihl & Søn, Bankruptcy in Denmark, factsheet number 75809, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75809.
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