Synthexim

Type
Bankruptcy
Country
France
Region
Nord - Pas-De-Calais; Pas-de-Calais;
Location of affected unit(s)
Calais
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Chemicals And Chemical Products
20.4 - Manufacture of soap and detergents, cleaning and polishing preparations, perfumes and toilet preparations
104 jobs
Number of planned job losses
Job loss
Announcement Date
25 April 2023
Employment effect (start)
26 April 2023
Foreseen end date
31 May 2023

Description

The Orléans Commercial Court has ordered the liquidation of the Synthexim chemical plant, which has a workforce of 104 people. Business will continue until 31 May 2023, after which all employees will be made redundant. Since no buyer expressed interest in taking over the site, the court could only declare the plant in liquidation. An agreement has been negotiated between management and the liquidation trustee to set out the various bonuses and compensation that the redundant employees will receive. According to management, the site has consistently faced economic difficulties since it was acquired in 2013. The Axynthis group, which owns Synthexim, has offered around thirty positions to the 100 affected employees at its sites in Pithiviers (Loiret) and Grasse (Loiret). However, due to the geographical distance involved, only a small part of employees will consider relocating. Subsequently, the town council lodged a complaint to obtain the clean-up of the site, which is classified as a high-risk SEVESO site.

Sources

Citation

Eurofound (2023), Synthexim, Bankruptcy in France, factsheet number 108840, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108840.