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.
Construction Specialised Construction Activities Specialised Construction Activities 43.39 - Other building completion and finishing
836 jobs Number of planned job losses
Announcement Date
17 October 2013
Employment effect (start)
24 October 2013
Foreseen end date
31 October 2013
Description
Huis Clos, producer of PVC windows, has been liquidated with the consequent loss of 836 jobs. This follows a decision of the Rouen commercial court on October 17th.
The bankruptcy affects workers in 104 shops in France. Furthermore, Huis Clos’ subsidiary Isoplas Pro in Harfleur (Seine-Maritime) with 179 employees could also be affected in the wake of the closure.
According to the sources, the company came under financial pressure with sluggish demand for houses and a decreasing renovation market during the crisis. Worker representatives also claimed that company’s management had made strategic mistakes.
After the company had announced a job expansion in 2011, it was to cut 150 jobs in 2012.
Sources
17 October 2013: L'usine Nouvelle
Citation
Eurofound (2013), Huis Clos, Bankruptcy in France, factsheet number 76032, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76032.
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