Why do we need to help companies in distress?
Each year more than 200.000 EU businesses are facing insolvency, and 1,7 million jobs are lost in the EU due to insolvency. Moreover, the risk of bankruptcy is what Europeans fear most about setting up a new business: 43% of Europeans would not start a business if it might fail compared with just 19% in the United States.
Based on European Best Practice
Experience from Early Warning Denmark, TEAM U in Germany and Dyzo in Belgium show that free and impartial guidance for companies in distress has a positive impact - not only on the survival chances and financial performance of the companies, but also on society. The implementation of Early Warning mechanisms across Europe is based on European best practice, and will help save jobs, promote growth and improve public finances.
On this webpage we continuously share the latest news for the Early Warning Europe project.
Unione Industriale di Torino, the Italian partner of Early Warning Europe, just lauched the Early Warning Italy website. Now all relevant information about the project is available for the italian compies in distress and all interested stakeholders.
Italy is by now the country in Europe, that have reached the attention of the highest number og volunteer mentors in Early Warning Europe. More than 160 people have signed up to join the organisation in Turin, Piedmont.
EW Italy have recently started their service, and they have already helped the first 12 Italian companies in distress.
Status is an impressive pool of 157 volunteer mentors that have given heads up to participate and help in the organisation, and since the opening earlier this month the first 13 companies in distress have asked for help.
As this point the service will be offered in Athens and Ioannina. Thessaloniki will follow in November 2017 and Heraklion (Crete) in January 2018.
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