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 French sugar manufacturer Ouvré Fils is ceasing production, leaving its 109 employees in Souppes-sur-Loing (Seine-et-Marne) redundant. The independent family business, which had operated since 1873, also collaborated with 300 planters. In autumn 2023, sugar production was disrupted due to pollution from the Loing river. However, the company lacks the financial capacity to recover, and banks have withdrawn their support, preventing the resumption of operations.
Cristal Union and the company have established an agreement to support employees, planters, and producers. Annual contracts might be offered for the 2025 harvest.
Eurofound (2025), Ouvré Fils, Closure in France, factsheet number 202235, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202235.