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.
Professional Services Scientific, Architectural And Engineering Technical Activities Architectural And Engineering Activities; Technical Testing And Analysis 71.1 - Architectural and engineering activities and related technical consultancy
101 jobs Number of planned job losses
Announcement Date
3 April 2007
Employment effect (start)
4 April 2007
Foreseen end date
4 April 2007
Description
The commercial court of Nantes announced on 3 April 2007 that Askea Industries, an engineering group based in the French city of Clisson, is bankrupt. The company, a supplier of the automobile industry, had a workforce of 101 employees. The economic conditions facing the sector did not help Askea's cause, in particular the long deadlines for payment imposed by Askea's clients, the automobile equipment manufacturers.
Sources
4 April 2007: Les Echos
6 April 2007: La Tribune
Citation
Eurofound (2007), Askea Industries, Bankruptcy in France, factsheet number 65200, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65200.
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