Type
Bankruptcy
Country
France
Region
Nord - Pas-De-Calais; Pas-de-Calais;
Location of affected unit(s)
Courcelles-les-Lens
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49.4 - Freight transport by road and removal services

114 jobs
Number of planned job losses
Job loss
Announcement Date
11 February 2011
Employment effect (start)
11 February 2011
Foreseen end date
30 April 2011

Description

STVE, a transport company, has been placed into compulsory liquidation on 11 February 2011 by the Commercial court of Arras, leaving 114 employees jobless. Following the take over of transport company La Flèche du Nord in January 2010, the company had to face severe losses and did not receive public subsidies (300,000 euro) it was promised by local authorities and the bank Crédit Agricole.


Sources

Citation

Eurofound (2011), Société des Transports Guy Van Elslande, Bankruptcy in France, factsheet number 71875, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71875.