EMCC European Monitoring Centre on Change

Solymatic

Company/Organisation:
Solymatic

Geographic Location

Country: France

Company

Sector: Financial services
Financial and insurance activities
66 - Activities auxiliary to financial services and insurance activities
Number Employed: 1030
Group: Valiance (UBS)

Employment Effects

Announcement Date: 27-03-2004
Planned Job Reductions min: 411
Planned Job Reductions max: 1030
Type of Restructuring: Internal restructuring

Additional Information

Solymatic, a subsidiary of the Valiance group that maintains ATMs, follows the restructuring of Valiance by shedding 411 of its 1,030 jobs. On 26 April 2004, the company has filed for bankruptcy.

Sources:

26-04-2004Les Echos
27-03-2004Le Monde