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IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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Eurofound > EMCC > European Restructuring Monitor >  Comparative Information >  Comparative study

Restructuring in bankruptcy: recent national case examples [26 November 2009]
http://www.eurofound.europa.eu/emcc/erm/studies/tn0908026s/tn0908026s.htm
or
http://www.eurofound.europa.eu/docs/erm/tn0908026s/tn0908026s.pdf
[full-text 37 pages]

Cases of bankruptcy generally have more serious consequences for the workers who lose their jobs as a result since, unlike other cases of restructuring, the company concerned might have little or no possibility of providing support, either financial or practical. The number of bankruptcy cases has increased significantly in many countries as the global recession has deepened and spread. This report examines cases of bankruptcy over the past year in order to gain a better understanding of what they involve, the kinds of company affected, the reasons for their difficulties, the consequences for the workers concerned and the support that they receive.

CONTENTS
Introduction

Main reasons for bankruptcy

Regulations relating to bankruptcy

Position of employees

Government and social partner support

National reports

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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

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Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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