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.
Lyon, Lille, Marseille, Montpellier, Nice, Bordeaux, Toulouse, Nantes, Paris
Sector
Transportation / Storage Land, Water And Air Transportation Land Transport And Transport Via Pipelines 49.3 - Other Passenger Land Transport
210 jobs Number of planned job losses
Announcement Date
12 September 2023
Employment effect (start)
18 September 2023
Foreseen end date
30 September 2023
Description
The French subsidiary of express delivery company Flink, which has been in receivership since June, has been taken over by the current director of the French subsidiary, Guillaume Luscan, the German parent company Flink and Algerian start-up Yassir. In the end, 270 of the 480 employees were taken on, thanks to an investment of more than €5 million by Yassir. 14 of the 19 existing sites have been retained. They provide express deliveries to Paris, Lyon, Lille, Marseille, Montpellier, Nice, Bordeaux, Toulouse and Nantes. The new management has a recovery and restructuring plan that should enable it to achieve profitability. The offering will be expanded, and new functions will be added to the application.
Eurofound (2023), Flink, Merger/Acquisition in France, factsheet number 200329, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200329.
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