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 (22 - 23) Manufacture of rubber, plastic and non-metallic minerals 22 - Manufacture of rubber and plastic products 22 - Manufacture of rubber and plastic products
120 jobs Number of planned job losses
Announcement Date
9 April 2003
Employment effect (start)
1 April 2003
Foreseen end date
1 October 2003
Description
Cofradec has been placed by the court of Avesnes-sur-Helpe under compulsory administration for a period of six months. Cofradec employs 120 workers on two different units : north (Quesnoy) and South (Haute-Savoie). Negociations are taking place with the spanish Emsur for rescuing the company.
Sources
9 April 2003: Les Echos
Citation
Eurofound (2003), Cofradec, Closure in France, factsheet number 59466, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59466.