Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Updated, 28/05/2014: The commercial court of Bar-le-Duc has agreed the take over of the Sodetal plant of Tronville-en-Barrois (Meuse) by the Russian group AWT Russia that will keep 152 jobs on a total workforce of 316 employees.
Eurofound (2013), Sodetal, Merger/Acquisition in France, factsheet number 75944, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75944.