EMCC European Monitoring Centre on Change

Grandy

Company/Organisation:
Grandy

Geographic Location

Country: France
Region: Champagne-Ardenne; Bassin Parisien
Location of affected unit(s): Charlesville-Mézières (ardennes)

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.5 - Casting of metals
Number Employed: 128
Group: CF2M

Employment Effects

Announcement Date: 26-05-2003
Planned Job Reductions min: 128
Planned Job Reductions max: 128
Type of Restructuring: Bankruptcy/Closure
Direct Dismissals: 128

Additional Information

The metal casting unit of CF2M, Grandy at Charlesville-Mézières is closing. The court of Nanterre has announced the liquidation of the unit, affecting 128 workers. The liquidation of the unit is due to high competition and a shortage in sales.