Manufacture française du cycle

Type
Merger/Acquisition
Country
France
Region
Pays de la Loire; Pays de la Loire; Loire-Atlantique
Location of affected unit(s)
Machecoul
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30.9 - Manufacture of transport equipment n.e.c.
30.92 - Manufacture of bicycles and invalid carriages
79 jobs
Number of planned job losses
Job loss
Announcement Date
8 March 2013
Employment effect (start)
11 March 2013
Foreseen end date
30 June 2013

Description

On 8 March 2013, the commercial court of Troyes (Aube) appointed the group Intersport as a receiver of the bicycles manufacturer Clycleurope i Machecoul (Loire-Atlantique). The new name of the company became “La manufacture française du cycle” and will employ 175 employees of a total workforce of 254. 79 employees will lose their position. The 79 job cuts result out of 29 direct dismissals and 50 out of other measures (retirement). 

Sources

Citation

Eurofound (2013), Manufacture française du cycle, Merger/Acquisition in France, factsheet number 75112, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75112.