Verrerie de Vianne

Type
Bankruptcy
Country
France
Region
Sud-Ouest; Aquitaine; Lot-et-Garonne
Location of affected unit(s)
Vianne (Lot-et-Garonne)
Sector
Manufacturing
Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products
Manufacture Of Other Non-Metallic Mineral Products
23 - Manufacture of other non-metallic mineral products
200 jobs
Number of planned job losses
Job loss
Announcement Date
5 February 2004
Employment effect (start)
Foreseen end date

Description

The Verrerie de Vianne, glass manufacturer specialised in glass for lamps, has filed for bankruptcy. The Tribunal of Commerce of Agen has rejected as not viable the two takeover proposals. It is the third bankruptcy of this company since 1985. In 1997, it was taken over by Covigest, but has since seen its turnover go from 21.6 to 10.9 million euros. The closure puts 200 workers out of job. In March 2004, 58 former employees have decided to take over the company's activities. This recovery plans to hire 63 employees within 5 months.

Sources

  • 5 February 2004: Les Echos
  • 19 March 2004: La Tribune

Citation

Eurofound (2004), Verrerie de Vianne, Bankruptcy in France, factsheet number 59275, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59275.