Type
Bankruptcy
Country
France
Region
Bassin Parisien; Haute-Normandie; Seine-Maritime
Location of affected unit(s)
Rouen
Sector
Construction
Specialised Construction Activities
Specialised Construction Activities
43.34 - Painting and glazing

183 jobs
Number of planned job losses
Job loss
Announcement Date
15 May 2015
Employment effect (start)
26 May 2015
Foreseen end date
31 July 2015

Description

The commercial court of Rouen has approved the takeover of painting company Maës by three small companies from the Normandy region. The takeover will lead to 183 job cuts. The new owner will keep 41 employees working in the asbestos removal activity that they share between them.

The company has accumulated losses since 2012 and faces sharp competition and a huge decline of demand linked to the crisis in the construction sector.


Sources

  • 19 May 2015: Paris Normandie

Citation

Eurofound (2015), Maës, Bankruptcy in France, factsheet number 83471, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83471.