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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.99 - Manufacture of other special-purpose machinery n.e.c.
111 jobs Number of planned job losses
Announcement Date
21 November 2013
Employment effect (start)
25 November 2013
Foreseen end date
29 November 2013
Description
Manufacturer of industrial saw blades Ultra Nova is bankrupt and will dismiss all 111 staff in January 2014.
This follows a decision of Roanne commercial court that ordered the closure in case no buyer would be found until 10 January.
The site was liquidated a first time in 2003 (see ERM Factsheet) and a second time in 2008, before it was taken over by the German Doering group.
Sources
20 November 2013: Le Progrès
21 November 2013: Le Progrès
Citation
Eurofound (2013), Ultra Nova, Bankruptcy in France, factsheet number 76246, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76246.
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