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 (10 - 11) Manufacture of food and beverage 10.7 - Manufacture of bakery and farinaceous products 10.71 - Manufacture of bread; manufacture of fresh pastry goods and cakes
113 jobs Number of planned job losses
Announcement Date
3 July 2012
Employment effect (start)
9 July 2012
Foreseen end date
31 July 2012
Description
In the beginning of July, the commercial court of Bobigny agreed on a take-over plan of the industrial bread manufacturer Panotel and the dismissal of 113 employees.
Some workers had proposed to take over the company and to create a cooperative that would save 81 jobs. But the court accepted the take-over offer by Patrick Chassagne, the owner of Grande Boulangerie de Paris. His plan entails to safeguard 32 jobs and dismiss all other employees.
Eurofound (2012), Panotel, Merger/Acquisition in France, factsheet number 73938, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73938.
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