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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.52 - Manufacture of non-electric domestic appliances
113 jobs Number of planned job losses
Announcement Date
20 May 2014
Employment effect (start)
20 May 2014
Foreseen end date
30 May 2014
Description
Stove producer and distributor Wanders, employing 113 people, is to close following a commercial court decision for liquidation. The company has its headquarters in Condorcet (Dröme), a plant in Bailleul (Nord) and a network of shops in France.
As reported, the closure may affect negatively also the network of external distributors. According to the sources the reasons of the bankruptcy seem to be a too fast increase of activities combined with management failures. Takeover plans by two possible byuers didn't succeed.
Sources
20 May 2014: Francebleu
20 May 2014: La Voix du Nord
Citation
Eurofound (2014), Wanders, Bankruptcy in France, factsheet number 77041, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77041.
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