Type
Bankruptcy
Country
France
Region
Ouest; Pays de la Loire; Loire-Atlantique
Location of affected unit(s)
Geneston
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Wearing Apparel
14 - Manufacture of wearing apparel

120 jobs
Number of planned job losses
Job loss
Announcement Date
16 October 2009
Employment effect (start)
23 October 2009
Foreseen end date
23 October 2009

Description

Racineux Production, a clothing manufacturer, is to dismiss all 120 employees on 23 October 2009. The dismissals result from Racineux Production having been placed under liquidation by the commercial court in Nantes. The company blamed the decision on the global recession.


Sources

Citation

Eurofound (2009), Racineux Production, Bankruptcy in France, factsheet number 69714, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69714.