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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
474 jobs Number of planned job losses
Announcement Date
8 July 2009
Employment effect (start)
9 July 2009
Foreseen end date
30 October 2009
Description
Bernard Krief Consulting has merged with the troubled motor-vehicle equipment supplier Heuliez, leading to 474 job losses in France. The move was approved by the commercial court in Niort. The new company will be named Heuliez New World. 474 jobs will be cut between July and October 2009.
Heuliez, which employs 1,074 in Cerizay, western France, was placed under judicial receivership in April 2009. BKC was the only candidate buyer. BKC pledges to retain 600 of the 1,074 jobs at the company, planning to bring the staff to 800 or 900 within three years. The state has vowed to invest EUR 10 millions in the company through the sovereign fund (FSI), and the Poitou-Charentes 'Régions' has pledged a further EUR 5 millions.
Sources
9 July 2009: Le Figaro
9 July 2009: La Tribune
9 July 2009: Les Echos
9 July 2009: AGEFI
Citation
Eurofound (2009), Heuliez New World, Merger/Acquisition in France, factsheet number 69254, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69254.
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