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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.53 - Casting of light metals
135 jobs Number of planned job losses
Announcement Date
5 February 2013
Employment effect (start)
21 March 2013
Foreseen end date
30 June 2013
Description
On 14 March 2013, the commercial court of Montluçon has decided on the takeover of DMI by Secast and the dismissal of 138 employees out of the 168 ones. DMI, which specialized in the casting of aluminum, was placed in receivership in 2011. The same year, Platinium Equity took over and cut 113 jobs.
Negotiations have started between employee representatives and the new owner about the conditions of leave for the 135 dismissed employees.
Sources
26 April 2013: France 3 Auvergne
26 February 2013: L'usine Nouvelle
6 February 2013: La Montagne
5 February 2013: France 3 Auvergne
Citation
Eurofound (2013), DMI, Closure in France, factsheet number 74944, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74944.
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