Menuiserie Grégoire SA

Type
Merger/Acquisition
Country
France
Region
Nouvelle-Aquitaine; Aquitaine; Dordogne
Location of affected unit(s)
Saint-Martial-d'Artenset
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16.2 - Manufacture of products of wood, cork, straw and plaiting materials
16.23 - Manufacture of other builders' carpentry and joinery
150 - 207 jobs
Number of planned job losses
Job loss
Announcement Date
26 July 2018
Employment effect (start)
8 August 2018
Foreseen end date
31 December 2018

Description

Placed in receivership at the beginning of July, the joinery Menuiserie Grégoire at Saint-Martial-d'Artenset (Dordogne), could be taken over. Indeed, two buyers have come forward, but nearly half of the employees could be dismissed. Between 150 and 207 employees could lose their job, depending on the takeover offer that will be preferred by the commercial court. The choice of the buyer will be announced on 8 August. The company currently employs 430 people.

Citation

Eurofound (2018), Menuiserie Grégoire SA, Merger/Acquisition in France, factsheet number 94708, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94708.