Type
Merger/Acquisition
Country
France
Region
Bassin Parisien; Basse-Normandie; Manche
Location of affected unit(s)
Saint-Lô
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Fabricated Metal Products, Except Machinery And Equipment
25 - Manufacture of fabricated metal products, except machinery and equipment

130 jobs
Number of planned job losses
Job loss
Announcement Date
5 October 2010
Employment effect (start)
1 November 2010
Foreseen end date
31 January 2011

Description

On 15 October 2010, the Commercial Court of Coutances accepted the take over of locksmithing company SMSLS by a steering committee composed of 7 employees and 1 retiree, which will lead to the dismissal of 130 employees. 


Sources

Citation

Eurofound (2010), SMSLS - Serrurerie et Mécanique Saint-Loise, Merger/Acquisition in France, factsheet number 71060, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71060.