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 company Gulventreprise Danmark, the largest company in Denmark within floor covering, went bankrupt on Thursday 16 August. It results in the closure of its sites in Brøndby and Kolding. The closure will cause 100 redundancies, 55 in Kolding and 45 in Brøndby. The direct reason for the closure is a deficit of DKK 18 million (€ 2.4 million). The employee representative expressed optimism for the redundant employees, as the floor business lacks employees with their competencies.
Eurofound (2018), Gulventreprise Danmark, Bankruptcy in Denmark, factsheet number 94794, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94794.