Type
Bankruptcy
Country
France
Region
Bassin Parisien; Basse-Normandie; Orne
Location of affected unit(s)
Pontchardon
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.5 - Casting of metals

223 jobs
Number of planned job losses
Job loss
Announcement Date
12 June 2009
Employment effect (start)
12 June 2009
Foreseen end date

Description

Pamco, based in Pontchardon, is to be closed, with a consequent loss of 223 jobs. The closure follows the decision of a court to reject the acquisition offer of a local foundry Focast. The company has been under receivership since January 28.

Pamco specializes in casting iron for the car industry. In March 2007 the company was acquired by a workers' cooperative association.


Sources

Citation

Eurofound (2009), Pamco, Bankruptcy in France, factsheet number 69076, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69076.