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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Via Stalls And Markets Or Other 47.91 - Retail sale via mail order houses or via Internet
125 jobs Number of planned job losses
Announcement Date
19 March 2014
Employment effect (start)
19 March 2014
Foreseen end date
Description
Dutch office supplies company, ACI Adam, has been declared bankrupt with the loss of 125 jobs.
According to the source, the bankruptcy was caused by financial difficulties due to the unpaid bills of their main customers. The company has been experiencing financial losses since 2013 despite cost-savings measures.
According to the source, the receiver does not expect a buyout of the company. No details about the exact timeframe of the restructuring process are available yet.
Sources
20 April 2014: Het Financieele Dagblad
Citation
Eurofound (2014), ACI Adam, Bankruptcy in Netherlands, factsheet number 76942, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76942.
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