Type
Merger/Acquisition
Country
France
Region
Bassin Parisien; Champagne-Ardenne; Ardennes
Location of affected unit(s)
Revin
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27.51 - Manufacture of electric domestic appliances

157 jobs
Number of planned job losses
Job loss
Announcement Date
16 May 2018
Employment effect (start)
28 May 2018
Foreseen end date
31 July 2018

Description

The commercial court of Compiègne (Oise) has agreed the takeover of the Société Ardennaise Industrielle at Revin (Ardennes) by the group Delta Dore. The new owner will keep only 24 employees out of 181. Therefore, 157 employees will be dismissed. The remaining employees will work on a production line of electric motors for roller shutters.

The plant formely belonged to Electrolux which employed about 1,000 people there in the 80'.  The plant produced washing machine but Electrolux decided in 2005 to transfer production to Poland. Since then the production has declined and numerous positions were progressively cut. In 2014, Electrolux sold the plant to Selni and agreed with the new owner to provide new production equipements and to order a fixed level of products. But, according to the unions, the new equipments were defective, so workers couldn't meet the quality requirements of Electrolux which stopped its orders. Therefore, the employees' representative are going to court, asking Electrolux to pay for a social plan and to offer higher dismissal allowances.


Sources

  • 16 May 2018: franceinfo
  • 17 May 2018: Usine Nouvelle

Citation

Eurofound (2018), Société Ardennaise Industrielle , Merger/Acquisition in France, factsheet number 94084, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94084.