Société d'isolation brestoise (SIB)

Type
Bankruptcy
Country
France
Region
Bretagne; Bretagne;
Location of affected unit(s)
Brest, Ploumagoar, Rennes, Quéven,
Sector
Water / Waste
39 - Remediation activities and other waste management service activities
39 - Remediation activities and other waste management service activities
39.00 - Remediation activities and other waste management service activities
124 jobs
Number of planned job losses
Job loss
Announcement Date
25 April 2018
Employment effect (start)
19 April 2018
Foreseen end date
19 April 2018

Description

At the beginning of April, the Commercial Court of Brest pronounced the liquidation of the Société d'isolation brestoise (SIB). The 124 employees were dismissed on 19 April. The job cuts affect several locations in Brittany including Brest, Rennes, Ploumagoar or Quéven. The main activity of the company was building asbestos removal. But the company lost its quality certification in December 2017 which resulted in contract losses. Employees criticised the poor management of the company affairs and think it led to its closure.

Sources

  • 25 April 2018: Ouest France

Citation

Eurofound (2018), Société d'isolation brestoise (SIB), Bankruptcy in France, factsheet number 93973, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93973.