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.
Transportation / Storage Land, Water And Air Transportation Land Transport And Transport Via Pipelines 49.41 - Freight transport by road
European Globalisation Fund (EGF)
Year: 2015, Case number: 10
2,150 jobs Number of planned job losses
Announcement Date
31 March 2015
Employment effect (start)
1 May 2015
Foreseen end date
31 May 2015
Description
French transport company MoryGlobal, which is owned by Arcole Industries, has been placed into liquidation by the Commercial Court of Bobigny (Seine-Saint-Denis). Their 2,150 employees received dismissal notice in early May.
Created after the collapse of Mory in 2014 (820 job cuts), MoryGlobal suffered of a loss of €43 million euro in 2014. Despite the financial support of the State, the new company failed to restore its competitiveness in a decreasing market. Unions are now fighting to obtain a social plan which offers the same redundancy package as that provided in the social plan implemented after Mory was placed in receivership in 2014. Unions accused the owner of misappropriation of funds, while Arcole claimed that the main union (CFDT) has worsened the situation which led to the bankruptcy.
The French authorities applied for European Globalisation Adjustment Fund (EGF) aid on 19/11/2015.
Sources
23 April 2015: Les Echos
31 March 2015: Les Echos
15 April 2015: Le Monde
Citation
Eurofound (2015), MoryGlobal, Bankruptcy in France, factsheet number 83563, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83563.
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