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 24.44 - Copper production
117 jobs Number of planned job losses
Announcement Date
15 January 2016
Employment effect (start)
18 January 2016
Foreseen end date
31 January 2016
Description
Grounded 256 years ago, the company Griset will close its doors. The last French copper rolling factory was placed into "judicial liquidation with recovery operations" in mid-December, after having been refused a loan of €1.5 million by banks, despite the support of public investment bank BPI. On 15 January, the Commercial court of Nanterre has refused the take over proposal of the Chinese group Tongling Nonferrous Metals Group Holding Co. This decision leads to the closure of the plant with the dismissal of its 117 last employees.
Sources
18 September 2014: L'usine Nouvelle
10 November 2015: L'usine Nouvelle
15 January 2016: Le Parisien
Citation
Eurofound (2016), Griset, Closure in France, factsheet number 86204, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86204.
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