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 Food And Beverage Manufacture Of Food Products 10.13 - Production of meat and poultry meat products
232 jobs Number of planned job losses
Announcement Date
27 June 2018
Employment effect (start)
4 July 2018
Foreseen end date
24 July 2018
Description
The Commercial Court of Lille has deciced the liquidation of Jean Caby, an industrial sausages company specialised in the manufacture of cocktail sausages. The site of Saint-André-lez-Lille, near Lille, will close, and the 232 employees will be dismissed.
Previously the court had considered a takeover offer, which had not received support from any of the protagonists. Since 2012, Jean Caby belongs to the American company Foxlease food. Jean Caby was placed in bankruptcy in December 2017 for six months to allow time to find a buyer. According to Les Echos, the factory was obsolete. Jean Caby was the leader in the cokctail sausage market with a full order book, but the site was losing money for every sausage produced, according to the manager, who wanted to build a brand new production site nearby to restore the company's competitiveness. Two former restructuring were recorded in the ERM Database, in 2014 (120 job cuts) and 2009 (350 job cuts and 120 recruitments).
Sources
27 June 2018: Le Dauphiné Libéré
6 December 2017: Les Echos
Citation
Eurofound (2018), Jean Caby, Bankruptcy in France, factsheet number 94455, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94455.
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