Spirel

Type
Bankruptcy
Country
France
Region
Auvergne-Rhône-Alpes; Rhône-Alpes; Savoie
Location of affected unit(s)
Saint-Rémy-de-Maurienne
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27.1 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
27.11 - Manufacture of electric motors, generators and transformers
101 jobs
Number of planned job losses
Job loss
Announcement Date
4 June 2014
Employment effect (start)
20 July 2014
Foreseen end date
31 July 2014

Description

French electric motors manufacturer Spirel is to cease its operations by 20 June 2014. 101 jobs will be lost. As reported the company was placed in receivership since January 2013 and will have to stop its activities by July, if there is no take over. Spirel was sold by Somfy to the group Chappel in 2012.

Sources

  • 5 June 2014: L'usine Nouvelle
  • 4 June 2014: France3

Citation

Eurofound (2014), Spirel, Bankruptcy in France, factsheet number 77162, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77162.