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 Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.1 - Preparation and spinning of textile fibres
103 jobs Number of planned job losses
Announcement Date
28 November 2006
Employment effect (start)
28 November 2006
Foreseen end date
30 November 2006
Description
The commercial court of Epinal (Vosges) announced on 28 November 2006 that Nomexy, the cotton factory, is bankrupt and it to be closed. The company employed 103 people, most of them women.
In the last three years the company has undergone a very difficult financial situation in spite of a 12 million euro investment in 2005 for new machines to produce compact cotton wire with strong added value.
Sources
29 November 2006: Les Echos
28 November 2006: AP French Worldstream
28 November 2006: AFP
Citation
Eurofound (2006), Nomexy, Bankruptcy in France, factsheet number 64527, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64527.
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