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 24.5 - Casting of metals
187 jobs Number of planned job losses
Announcement Date
2 June 2015
Employment effect (start)
5 June 2015
Foreseen end date
30 June 2015
Description
On 1st June 2015 the Commercial Court of Paris announced the bankruptcy of the Manoir foundry based in Custines. The company is a subsidiary of the Chinese group Yantai Taihai. The site, which employed 187 workers, had a cumulative loss of 13 million euros.
The management board has provided 2 million euros to guarantee employees' severance payments. The employees led by Bruno Colin, the company's engineer, hope to create a cooperative, which would enable the rehiring of 70 employees.
Sources
2 June 2015: L'usine Nouvelle
5 June 2015: Loractu.fr
Citation
Eurofound (2015), Manoir Industrie, Bankruptcy in France, factsheet number 83644, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83644.
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