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 Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
111 jobs Number of planned job losses
Announcement Date
22 October 2013
Employment effect (start)
1 November 2013
Foreseen end date
31 December 2013
Description
Synthexim is to take over chemicals producer Calaire Chimie, resulting in 111 job cuts of a total of 191 staff. The take-over has been sanctioned by Boulogne-sur-Mer commercial court on 22 October.
Furthermore, the company announced that it will recruit about 40 new staff within two years.
Synthexim (41 employees) is a subsidiary of the French-based chemicals group Axyntis that employs more than 310 staff in the country. Previously, Calaire Chimie was bought by Belgian chemicals groups Tessenderlo in 1992, before German investment group International Chemical Investors (ICIG) took over the business in December 2012.
Calaire Chimie has been in an insolvency-related restructuring program since 28 May, after it had run deficits for multiple consecutive years. In 2010, the company had already announced the redundancy of 51 workers to increase competitiveness.
Sources
10 October 2013: Les Echos
23 October 2013: L'usine Nouvelle
Citation
Eurofound (2013), Calaire Chimie, Merger/Acquisition in France, factsheet number 76060, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76060.
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