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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.2 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
173 jobs Number of planned job losses
Announcement Date
30 September 2013
Employment effect (start)
Foreseen end date
Description
Cable and steel wire manufacturer Sodetal is to close down, making all of its 325 staff redundant. This was announced by Sodetal’s parent company Saarstahl.
There is no information on the timeframe of the closure. On 7 February, the Commercial Court will decide if the company will maintain its activities until May 2014 or if it has to be closed immediately.
The German Saarstahl group had acquired Sodetal in 2008.
Eurofound (2013), Sodetal, Merger/Acquisition in France, factsheet number 75944, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75944.
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