EMCC European Monitoring Centre on Change

Maës

Company/Organisation:
Maës

Geographic Location

Country: France
Region: Seine-Maritime; Haute-Normandie; Bassin Parisien
Location of affected unit(s): Rouen

Company

Sector: Construction
Construction
43.34 - Painting and glazing
Number Employed: 228

Employment Effects

Announcement Date: 15-05-2015
Planned Job Reductions min: 183
Type of Restructuring: Bankruptcy
Employment Effect Start: 26-05-2015
Foreseen End Date: 31-07-2015
Direct Dismissals: 183

Additional Information

The commercial court of Rouen has approved the takeover of painting company Maës by three small companies from the Normandy region. The takeover will lead to 183 job cuts. The new owner will keep 41 employees working in the asbestos removal activity that they share between them.

The company has accumulated losses since 2012 and faces sharp competition and a huge decline of demand linked to the crisis in the construction sector.