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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.25 - Manufacture of non-domestic cooling and ventilation equipment
140 jobs Number of planned job losses
Announcement Date
17 November 2015
Employment effect (start)
22 November 2015
Foreseen end date
31 December 2015
Description
On 17 November, the commercial court of Vienne ruled for the liquidation of Soprano Industry in Vaulx-Milieu (Isère) that will lead to the loss of 140 jobs. The company specialised in thermodynamics in various areas (energy conversion, air distribution, mobile military hospitals, nuclear and aeronautics industries). The court denied the company from pursuing its activities. The CEO has announced to its employees the immediate closure of the site and asked them to take their personal belongings and to not come back to the plant. The day after, employees found the doors closed and their access badges deactivated. Since then, they have had no news from the CEO. Soprano Industry has accumulated losses since 2011, that without counting 2013, reached €2.9 million in 2014 for a turnover of €8.1 million (– 45%).
Sources
19 November 2015: L'usine Nouvelle
Citation
Eurofound (2015), Soprano Industry, Closure in France, factsheet number 85470, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85470.
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