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
184 jobs Number of planned job losses
Announcement Date
3 May 2007
Employment effect (start)
1 June 2007
Foreseen end date
1 June 2007
Description
French car equipment manufacturer Chausson Outillage, in liquidation since March 2007, announced its closure on 3 May 2007. The commercial court of Rheims, near Paris, announced that it rejected the repurchase proposal submitted by the Indian group Neel Metal Product Ltd. and French company GM Investissements. The court considered the conditions to be insufficient and decided that the company would have to stop its activity on 31 May 2007. This is the deadline for the company to negotiate a social plan for the 184 employees. In 2004, Chausson Outillage announced a restructuring programme which regarded the loss of 80 jobs, but the employees rejected this plan in autumn 2004.
Sources
4 May 2007: Les Echos
3 May 2007: Usine Nouvelle
3 May 2007: AFP
Citation
Eurofound (2007), Chausson Outillage, Closure in France, factsheet number 65301, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65301.
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