Restructuring events
European Restructuring Monitor (ERM)
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.
On 30 November, the Commercial Court of Clermont-Ferrand decided the liquidation of the Preciturn's unit of Thiers (137 employees). The plant is specialized in bar turning, and was allowed to pursue its activities by the end of December to find a buyer. As there was no offer, the Court pronounced the liquidation and the employees were dismissed in January. The plant closed on the 30 January.
According the newspaper La Montagne, 44 of the 114 former employees helped by the employment public service Pôle Emploi have found a new job two month after the closure. The Preciturn group is specialized in manufacturing mechanical parts.
Eurofound (2011), Preciturn, Bankruptcy in France, factsheet number 72856, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72856.