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.
Noeux-les-Mines (Pas-de-Calais) Burnhaupt-le-Haut (Haut-Rhin), Pouancé (Maine-et-Loire), Vernon lEure).
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
550 jobs Number of planned job losses
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 lEure) 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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64723.
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