EMCC European Monitoring Centre on Change

Remade

Company/Organisation:
Remade

Geographic Location

Country: France
Region: Manche; Basse-Normandie; Bassin Parisien
Location of affected unit(s): Poilley

Company

Sector: Manufacturing
Other manufacturing, and repair and installation of machinery and equipment
33.13 - Repair of electronic and optical equipment
Number Employed: 328
Group: Creative Technology Solutions

Employment Effects

Announcement Date: 16-01-2020
Planned Job Reductions min: 210
Planned Job Reductions max: 210
Type of Restructuring: Merger/Acquisition
Employment Effect Start: 03-02-2020
Foreseen End Date: 31-03-2020
Direct Dismissals: 210

Additional Information

The Commercial Court of Rouen has accepted the takeover bid presented by the British company manager Suresh Radhakrishnan to buy the Remade company, specialising in the reconditioning of smartphones, and keep 118 employees out of the 375 that the company has. Among the current employees, 210 will be made redundant.

The company has been placed in receivership since November 28, 2019 with continued activity. The public prosecutor in Coutances has opened a preliminary investigation against unknown for false balance sheets and false invoices. A report by the expert accountant of the works council denounces a 'frantic race for size led by the creator and some of his associates, not to make it a flourishing group, but to quickly maximize its value by posting strong growth in turnover'.

Two previous recruitment announcements were announced in 2018 (200 job creations) and in 2014 (150 job creations). 

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