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 10.11 - Processing and preserving of meat
140 jobs Number of planned job losses
Announcement Date
15 January 2019
Employment effect (start)
31 January 2019
Foreseen end date
28 February 2019
Description
The Challans slaughterhouse (Covia group), which employs 140 people, was placed in liquidation by the Commercial Court of Poitiers for lack of a buyer. The court ordered the liquidation of the four Covia companies: Sovia (transport), Covia meat sectors (processing), SEAC (slaughter) and Scop Cooperative Meat (livestock farmers), resulting in the loss of 140 jobs, said Serge Rondeau, Mayor of Challans. Hundreds of nearby farmers will also be affected by the closure.
The trade union CFDT commented that the company had run up into quite high debt and that the plant would have needed to be renewed earlier to adapt to changed regulations.
Eurofound (2019), Abattoir de Challans (Covia), Bankruptcy in France, factsheet number 96368, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96368.
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