Souche Paper

Type
Business expansion
Country
France
Region
Grand Est; Lorraine; Vosges
Location of affected unit(s)
Anould
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17.1 - Manufacture of pulp, paper and paperboard
17.12 - Manufacture of paper and paperboard
120 jobs
Number of planned job creations
Job creation
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://apps.eurofound.europa.eu/restructuring-events/detail/72248.