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 Food And Beverage Manufacture Of Food Products 10.71 - Manufacture of bread; manufacture of fresh pastry goods and cakes
113 jobs Number of planned job losses
Announcement Date
3 July 2012
Employment effect (start)
9 July 2012
Foreseen end date
31 July 2012
Description
In the beginning of July, the commercial court of Bobigny agreed on a take-over plan of the industrial bread manufacturer Panotel and the dismissal of 113 employees.
Some workers had proposed to take over the company and to create a cooperative that would save 81 jobs. But the court accepted the take-over offer by Patrick Chassagne, the owner of Grande Boulangerie de Paris. His plan entails to safeguard 32 jobs and dismiss all other employees.
Eurofound (2012), Panotel, Merger/Acquisition in France, factsheet number 73938, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73938.
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