Erco-Finances

Type
Bankruptcy
Country
France
Region
Occitanie; Midi-Pyrénées; Tarn
Location of affected unit(s)
Montauban, Toulouse
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.2 - Activities of holding companies and financing conduits
64.2 - Activities of holding companies and financing conduits
200 jobs
Number of planned job losses
Job loss
Announcement Date
8 September 2013
Employment effect (start)
18 September 2013
Foreseen end date

Description

On 12 September French group Erco-Finances was placed in receivership. This will lead to 200 job losses in Toulouse and Montauban. As announced the job losses are due to the liquidation or placement in receivership of several of its subsidiaries.  

Sources

  • 18 September 2013: La Dépêche
  • 15 September 2013: ToulÉco
  • 8 September 2013: ToulÉco
  • 17 September 2013: Objectif news

Citation

Eurofound (2013), Erco-Finances, Bankruptcy in France, factsheet number 75874, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75874.