We analyze how corporate reorganization and liquidation change labor reallocation during bankruptcy using randomized judge assignments and linked Portuguese employer-employee and firm data. Reorganization reduces the negative effect of bankruptcy on employee earnings, even with most workers...

The closure of the steelworks has meant the loss of an important employer in the region. The repurposing and retraining activities that followed can be seen as a showcase example of a successful redevelopment project with a strong reskilling perspective. When the Odense Steel Shipyard closed...