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 Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
154 jobs Number of planned job losses
Announcement Date
1 May 2014
Employment effect (start)
1 August 2014
Foreseen end date
1 September 2014
Description
The commercial court of Angers has ruled the liquidation of Samic Production; 154 jobs are to be lost. As reported, the decision envisages a 3 months period for a possible takeover, till the end of July 2014. If there is no buyer the compulsory liquidation will take place.
According to the sources the company has been put into administration since July 2012. Samic Production is a wooden windows and doors manufacturer.
Sources
5 May 2014: L'usine Nouvelle
1 May 2014: Ouest France
Citation
Eurofound (2014), Samic Production, Bankruptcy in France, factsheet number 76952, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76952.
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