Cadence Innovation

Type
Bankruptcy
Country
France
Region
Location of affected unit(s)
Noeux-les-Mines (Pas-de-Calais) Burnhaupt-le-Haut (Haut-Rhin), Pouancé (Maine-et-Loire), Vernon (Eure)
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
550 jobs
Number of planned job losses
Job loss
Announcement Date
10 January 2007
Employment effect (start)
10 January 2007
Foreseen end date

Description

Cadence Innovation is an automobile equipment supplier specialised in the manufacture of bumpers. As it was announced on 10 January 2007, four French factories in Noeux-les-Mines (Pas-de-Calais) Burnhaupt-le-Haut (Haut-Rhin), Pouancé (Maine-et-Loire), Vernon l’Eure) are in bankruptcy. They are going to be partially acquired by several companies. As a result of this, 550 jobs will be removed. The company currently employs 1,365 people in France.

Sources

  • 10 January 2007: L'Humanité

Citation

Eurofound (2007), Cadence Innovation, Bankruptcy in France, factsheet number 64723, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64723.