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 producer of kitchens, TCM Group, will hire 30 new employees during spring 2019 due to more orders, especially regarding the Svane Kitchen, the manager said to the local paper 'Dagbladet Holstebro-Struer'. This is an expandion which represents more than 10% of current staff. TCM also expanded its workforce last year, so that today there are 278 employees in production and 90 salaried employees at the headquarters in Tvis. According to the CEO, TCM Group expects a net turnover between 960 – 1,000 million DKK in 2019 (€128 – 133 million) corresponding to an expected organic growth of 7 – 11%.
Eurofound (2019), TCM Group, Business expansion in Denmark, factsheet number 98068, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98068.