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 Danish auction house Kopenhagen Fur announced on 29 April 2019 that between 130 and 150 employees will be dismissed in the near future. The CEO announced that the company will, before the summer, modify the setup of the company to the reduction in the amount of skin which has been expected this year and next year. The redundancies are a consequence of the demand's fall.
Kopenhagen Fur is a joint owned auction house for the industry that sells skin and fur. According to the owner, despite redundancies and cuts, Kopenhagen Fur is still the largest company in the global fur industry.
Eurofound (2019), Kopenhagen Fur, Internal restructuring in Denmark, factsheet number 97755, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97755.