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, Printing And Reproduction Of Recorded Media Printing And Reproduction Of Recorded Media 18 - Printing and reproduction of recorded media
230 jobs Number of planned job losses
Announcement Date
10 May 2002
Employment effect (start)
Foreseen end date
Description
A&R Carton has filed for bankruptcy, dismissing the whole of its 300 employees. A take over bid has been made, preserving 70 jobs. Two years after the bankruptcy, 116 fired employees have won their case in court, arguing that the dismissals were illegal. As the company has been taken over, no re-integration of the workforce was possible. Each amployee has been awarded 40.000 euros instead.
Sources
14 September 2004: Les Echos
10 May 2002: Les Echos
Citation
Eurofound (2002), A&R Carton, Bankruptcy in France, factsheet number 59491, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59491.
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