Type
Bankruptcy
Country
France
Region
Ouest; Pays de la Loire; Loire-Atlantique
Location of affected unit(s)
Ch√Ęteaubriant
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

105 jobs
Number of planned job losses
Job loss
40 jobs
Number of planned job creations
Job creation
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59701.