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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.21 - Manufacture of plastic plates, sheets, tubes and profiles
100 jobs Number of planned job losses
Announcement Date
17 October 2012
Employment effect (start)
22 November 2012
Foreseen end date
31 December 2012
Description
On 17 October 2012, the employees of Cimest, a subsidiary of the automotive supplier Plastivaloire, voted in favor of a social plan proposed by the management. The Cimest plant will pursue its activity until 22 November, when the Commercial Court will liquidate the company.
All 100 employees will be made redundant, but two that have agreed to an internal relocation to another site of the group. In its last proposal, the management proposed dismissal allowance of over 26 million euro per employee, the payment of strike days and 400,000 euros added to the employment safeguard plan.
Sources
25 October 2012: Vosges Matin
Citation
Eurofound (2012), Cimest, Closure in France, factsheet number 74426, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74426.
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