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.
The Commercial court of Fort-de-France has decided the liquidation of the Adult continuing training association (Association pour la formation professionelle des adultes - AFPA) that is allowed to continue its activities until the 31 December 2016. Then all its 130 employees will be dismissed. The association is confronted with a debt of about €12 million. A new structure called the Professional training institute of Martinique (Institut martiniquais de formation professionnelle) has been created to replace AFPA but it has currently no site and no employees. The new institute has been assigned 2.4 million of public funds and may recruit some of the 130 dismissed employees, but there are no details about the start of its activities yet.
Eurofound (2016), Association Formation Professionnelle Adultes, Bankruptcy in France, factsheet number 88952, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88952.