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.
Pays de la Loire; Pays de la Loire; Loire-Atlantique
Location of affected unit(s)
Châteaubriant
Sector
Manufacturing (29 - 30) Manufacture for transport equipment 29.3 - Manufacture of motor vehicle parts and accessories 29.3 - Manufacture of motor vehicle parts and accessories
105 jobs Number of planned job losses
40 jobs Number of planned job creations
Announcement Date
9 March 2004
Employment effect (start)
1 March 2004
Foreseen end date
1 March 2004
Description
Focast, one of Valfond's subsidiary, manufacturer of parts for truck engines, has filed for bankruptcy in November 2003. Pebeco, a local SME, has been chosen to takeover the activities. It will keep 79 out of the 184 employees, and promised to hire 40 of the former employees on another of its sites within 3 years.
Sources
9 March 2004: Les Echos
Citation
Eurofound (2004), Focast, Bankruptcy in France, factsheet number 59701, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59701.
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