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.
Construction Construction Of Buildings And Infrastructure Engineering Civil Engineering 42.11 - Construction of roads and motorways
175 - 360 jobs Number of planned job losses
Announcement Date
27 April 2015
Employment effect (start)
28 April 2015
Foreseen end date
31 May 2015
Description
The Commercial Court of Strasbourg announced the bankruptcy of Trabet on 27th April.
On 20 May, the court approved the takeover of Trabet (with 105 employees) and its subsidiaries – ETM (25 employee), Perco in Illkirch-Graffenstaden and Trameca in Haguenau (20 employees) – by Karp-Kneip that will maintain 150 positions.
The court has also approved the takeover of the group last subsidiary Société alsacienne de route (Sarmac) based in Rixheim (Haut-Rhin) by the French company NGE that will keep 35 employees.
Finally the dismantling of the group Trabet will lead to 175 job cuts. This decision is a direct consequence of adverse market conditions, marked by a drop in construction contracts coupled with declining state grants to communities.
Sources
27 April 2015: L'alsace
20 May 2015: France 3 Alsace
Citation
Eurofound (2015), Trabet - Travaux et Bétons, Bankruptcy in France, factsheet number 79466, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79466.
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