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.
Food production company Puris has announced that it will create 120 jobs when it restarts its production activities, after being bought by Geneza. Puris was declared bankrupt in September 2012 and Puris accepted Geneza’s offer to purchase the company in order to exit liquidation. When Puris went bankrupt it ceased production and all of its previous employees were made redundant.
Genesis will employ 80 workers in production and at the Incubator stations and 40 additional workers will be employed at their slaughterhouses.
The source reports that the buyout of Puris has been welcomed by many stakeholders, including creditors, the Ministry of Finance, former employees and the local government.
Eurofound (2014), Puris, Business expansion in Croatia, factsheet number 77053, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77053.