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.
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.51 - Manufacture of cement
125 jobs Number of planned job losses
Announcement Date
25 October 2006
Employment effect (start)
1 November 2006
Foreseen end date
17 November 2006
Description
The commercial court from Rennes, in the west of France, announced on 25 October 2006 that the company Pelé granite, a cement manufacturer, is in bankruptcy.
Pelé Granite, created in 1968, has suffered increased competition from China and India. The company employed 125 people and the job cuts are expected to take place between 1 and 17 November 2006.
Sources
21 October 2006: Ouest France
25 October 2006: AFP
26 October 2006: Aujourd'hui en France
26 October 2006: Ouest France
Citation
Eurofound (2006), Pelé Granite, Bankruptcy in France, factsheet number 64304, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64304.
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