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 Specialised Construction Activities Specialised Construction Activities 43.32 - Joinery installation
180 jobs Number of planned job losses
Announcement Date
15 October 2019
Employment effect (start)
17 October 2019
Foreseen end date
31 October 2019
Description
The Commercial Court of Agen has decided to liquidate the Garrigues industrial joinery at Colayrac-Saint-Cirq, near Agen (Lot-et-Garonne). The liquidation will result in 180 job cuts in the three companies forming the Garrigues group: Garrigues SA, Garrigues THM and Axitech. The court granted a continuation of activity until Thursday 17 October for the first two, until 31 October for the last.
Garrigues, which has a deficit of €39 million, was placed in safeguard proceedings in February, before going into receivership at the end of June. The court dismissed an offer of takeover that it considered insufficient.
Eurofound (2019), Garrigues, Bankruptcy in France, factsheet number 98959, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98959.
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