Restructuring events
European Restructuring Monitor (ERM)
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.
Duralex International France, a French firm that manufactures glass, is to close its plant in Rive-de-Gier with the consequent loss of 103 jobs. The announcement was made on 30th July 2007 by the commercial court of Orleans, whom stated that it would accept the request of Duralex’s owner, Turkish firm Sinan Solmaz, to modify a plan for the continuation of the business that the parties agreed upon in December 2005. The modification of this plan will entail the closure of the Rive-de-Gier site and the dismissal of all 103 employees at the site. The plant is due to be closed between August and December 2007, and letters are to be sent to the firm’s employees from the start of August. The firm still employed 250 at the site in the autumn of 2005, yet has since experienced severe financial problems, which amongst other things has led to the non-payment of electricity bills. When the Rive-de-Gier site closes, Duralex will operate one remaining plant in France. This is in La Chapelle Saint-Mesmin in the Loiret, where 240 are employed and the firm’s head office is located.
Eurofound (2007), Duralex, Closure in France, factsheet number 65656, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65656.
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