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 Basic Metals 24.53 - Casting of light metals
113 - 138 jobs Number of planned job losses
Announcement Date
17 July 2015
Employment effect (start)
1 August 2015
Foreseen end date
31 December 2015
Description
The management of CPP Europe has announced the closure of its aluminium foundry Microcast at Adé near Lourdes (Hautes-Pyrénées). The plant, which had suffered a fire in December 2014, is a supplier for the aerospace and defence industry and Formula 1. It employs about 138 people. Some 96 employees have been dismissed mid-July and another 42 will dismissed as of November. The production activities will be transferred to another French plant of the CPP Europe group near Chateauroux (Indre), where alternative positions will be offered to 25 dismissed employees. Already placed in liquidation in 2007, Microcast was taken over by the CPP Europe in 2008.
Sources
17 July 2015: Les Echos
11 July 2015: La Dépêche
Citation
Eurofound (2015), Microcast, Closure in France, factsheet number 84303, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84303.
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