Terken

Type
Bankruptcy
Country
France
Region
Nord - Pas-De-Calais;
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Beverages
11.05 - Manufacture of beer
117 jobs
Number of planned job losses
Job loss
Announcement Date
19 February 2004
Employment effect (start)
Foreseen end date
1 March 2004

Description

Terken, the largest independent French brewery, has gone bankrupt and will close within 3 weeks, putting its 117 employees out of a job. It employed 395 employees in 2000. In 2001, it had already filed for bankruptcy and was taken over by Covinor, with the loss of 180 employees. The workers of the factory are considering to launch a worker's producer's cooperative.

Sources

  • 19 February 2004: Les Echos

Citation

Eurofound (2004), Terken, Bankruptcy in France, factsheet number 59698, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59698.