Ultra Nova

Type
Bankruptcy
Country
France
Region
Auvergne-Rhône-Alpes; Rhône-Alpes; Loire
Location of affected unit(s)
Roanne
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.9 - Manufacture of other special-purpose machinery
28.99 - Manufacture of other special-purpose machinery n.e.c.
111 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/76246.