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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.93 - Manufacture of wire products, chain and springs
152 jobs Number of planned job creations
Announcement Date
28 May 2014
Employment effect (start)
2 June 2014
Foreseen end date
Description
The commercial court of Bar-le-Duc has agreed the take over of the Sodetal plant of Tronville-en-Barrois (Meuse) by the Russian group AWT Russia that will keep 152 jobs on a total workforce of 316 employees. About 164 jobs will be cut. Sodetal was a subsidiary of the German group Saarstahl. It was placed into receivership since December 2013. The court approved the social plan with a budget of € 13 million and forbid the new owner to relocate the most competitive machines from the plant without the previous agreement of the court.
Sources
28 May 2014: L'usine Nouvelle
Citation
Eurofound (2014), Sodetal, Business expansion in France, factsheet number 77089, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77089.
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