EMCC European Monitoring Centre on Change

Achard et associés - ACH Champagne Normandie Ile de France

Company/Organisation:
Achard et associés - ACH Champagne Normandie Ile de France

Geographic Location

Country: France
Region: Aube; Champagne-Ardenne; Bassin Parisien
Location of affected unit(s): La Chapelle-Saint-Luc

Company

Sector: Construction
Construction
43.22 - Plumbing, heat and air-conditioning installation
Number Employed: 123

Employment Effects

Announcement Date: 07-03-2012
Planned Job Reductions min: 123
Planned Job Reductions max: 123
Type of Restructuring: Bankruptcy
Employment Effect Start: 07-03-2012
Direct Dismissals: 93
Other Job Reduction Measures: 30

Additional Information

On 7 March, Achard ACH-CNI, specialized in plumbing and heating installation and equipment, has been liquidated and its 93 employees have been dismissed. An additional 30 employees have already left the company since it was placed in receivership. A total of 123 people lost their jobs.

The company is reported to have a good reputation, e.g. 20% of their employees were people with disabilities. However, the company was sold in 2009. According to the press, the new owner had to face huge financial difficulties which negatively impacted Achard ACH-CNI.