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 Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17.12 - Manufacture of paper and paperboard
120 jobs Number of planned job creations
Announcement Date
20 July 2011
Employment effect (start)
1 July 2011
Foreseen end date
Description
Since April 2011, a new company Souche Papers has assumed the activities of the former "Papeterie de la Souche" which was liquidated as a result of a decision from the Commercial Court of Epinal in December 2010. As a result of the closure 168 workers lost their jobs. However 120 former employees rebuilt the operations and created a new company to take over the plant. These 120 employees are the main shareholders of the company.
Sources
20 July 2011: Est Républicain
Citation
Eurofound (2011), Souche Paper, Business expansion in France, factsheet number 72248, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72248.
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