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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.77 - Retail sale of watches and jewellery in specialised stores
174 jobs Number of planned job losses
Announcement Date
24 March 2017
Employment effect (start)
6 April 2017
Foreseen end date
30 April 2017
Description
The group Jean Delatour, the French leader in the sale of jewelery and watches in supermarkets, which directly employs 174 people, will file an application for liquidation of the group at at the Commercial Court of Lyon, on 11 April. The 25 French boutiques will be closed to customers as of 6 April , to allow staff to start an inventory. The chairman of the group made the announcement at an extraordinary Works' council held on 18 March. About 50 job cuts occur in the headquarter in Vénissieux (Rhône). In 2014, the group had already cut more than 140 jobs and closed some fifteen stores. The redundant employees are mostly female working part-time with an average age of 45.
Sources
24 March 2017: Expressions
Citation
Eurofound (2017), Jean Delatour, Bankruptcy in France, factsheet number 90660, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90660.
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