Forège

Type
Bankruptcy
Country
France
Region
Pays de la Loire; Pays de la Loire; Vendée
Location of affected unit(s)
Treize-Septiers
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16.2 - Manufacture of products of wood, cork, straw and plaiting materials
16.27 - Finishing of wooden products
135 jobs
Number of planned job losses
Job loss
Announcement Date
3 April 2013
Employment effect (start)
13 May 2013
Foreseen end date

Description

On April the 3rd 2013, the Commercial Court of La Roche-sur-Yon (Vendée) has decided on the liquidation of the French furniture manufacturer Forège (Treize Septiers). The company had accumulated a debt of 3 million euros despite 2 social plans in 2007 and 2009. A delay of one month was given to Forège to a buyer.  The court refused the single offer of a potential buyer and decided the liquidation of the company on the 6th of May. Forège ceased its operations on the 13th of May and all 135 employees were dismissed.

Sources

Citation

Eurofound (2013), Forège, Bankruptcy in France, factsheet number 75243, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75243.