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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
300 jobs Number of planned job losses
Announcement Date
24 October 2006
Employment effect (start)
25 October 2006
Foreseen end date
31 October 2006
Description
On 24 October 2006, Ateliers Thomé-Génot (ATG), a manufacturer of alternators for cars, was declared bakrupt by a commercial court. The company, employing 300 people, will close down at the end of October 2006. ATG is suffering from the crisis affecting automobile subcontractors in France. In 2004, ATG had been acquired by the American consultancy Catalina, which is currently subject to a legal investigation on embezzlement.
Eurofound (2006), Ateliers Thomé-Génot (ATG), Bankruptcy in France, factsheet number 64295, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64295.
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