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 Construction Of Buildings 41.20 - Construction of residential and non-residential buildings
100 jobs Number of planned job losses
Announcement Date
20 May 2016
Employment effect (start)
30 May 2016
Foreseen end date
30 June 2016
Description
The Commercial court of Orléans refused a takeover proposal made by CTVL, a housing construction company belonging to the group Fousse. CTVL has lost 20% of its turnover in 2015, and this rejection will lead to its 100 employees being dismissed. The group Fousse, has about one hundred companies and employs 300 people, but construction activities in the region continue to face economic difficulties. Moreover, some action has recently been initiated by home owners who have made complaints regarding the quality of the construction, and the company's ability to stay on schedule.
Sources
20 May 2016: France 3 Centre-Val de Loire
30 April 2016: La République du Centre
Citation
Eurofound (2016), CTVL, Bankruptcy in France, factsheet number 87562, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87562.
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