Sud-Ouest; Aquitaine; Landes
Location of affected unit(s)
Manufacture Of Wood And Paper Materials
Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials
16.21 - Manufacture of veneer sheets and wood-based panels

131 jobs
Number of planned job losses
Job loss
Announcement Date
20 October 2016
Employment effect (start)
31 October 2016
Foreseen end date
14 November 2016


The Commercial court of Dax has decided the liquidation of the veneer sheets and wood-based panels manufacturer Darbo in Linxe (Landes). The 130 employees will be dismissed. The plant that belonged to Portuguese group Sonae, has been taken over in 2015 by an investment fund, Gramax Capital. The fund took the commitment to avoid the placement of the company in receivership until 2017 and to maintain the employment level. But the plant continued to make face to losses and the owner refused to reinvest more in the company. The owner received no support from the bank and couldn’t find a new take over to sell the plant. The company faces a sharp competition in the sector against Eastern Europe companies that have lower production costs. The local authorities (The region of Aquitaine) will try to find out what the company did with the EUR 250,000 of subsidy received in 2015.


  • 19 October 2016: France Bleu
  • 21 October 2016: Les Echos


Eurofound (2016), Darbo, Bankruptcy in France, factsheet number 88953, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88953.