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 24.51 - Casting of iron
109 jobs Number of planned job losses
Announcement Date
24 April 2019
Employment effect (start)
26 April 2019
Foreseen end date
31 December 2019
Description
The Commercial Court of Lyon has approved the takeover by the British Liberty House of the Saint-Jean Industries aluminium foundry at Ingrandes-sur-Vienne. At the same time, the Commercial court of Poitiers did the same with the cast iron foundry also at Ingrandes-sur-Vienne. Liberty House therefore became the owner of Saint-Jean Industries Poitou and the Fonderie du Poitou Fonte. The buyback is sheduled on 2 May. These decisions pave the way for an Employment safeguard plan which, if validated next week, should make it possible to safeguard 623 jobs out of the 732 permanent jobs at the two sites. For FP fonte, Liberty House proposes to take over 328 employees out of a current workforce of 401 employees, with 73 positions subject to a voluntary departure plan. For FP alu, 295 jobs out of the current 331 in the plant would be safeguarded.
Eurofound (2019), Fonderie du Poitou Fonte, Merger/Acquisition in France, factsheet number 97622, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97622.
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