EMCC European Monitoring Centre on Change

Verrerie de Vianne

Verrerie de Vianne

Geographic Location

Country: France
Region: Lot-et-Garonne; Aquitaine; Sud-Ouest
Location of affected unit(s): Vianne (Lot-et-Garonne)


Sector: Manufacturing
Manufacture of rubber and plastics products, and other non-metallic mineral products
23 - Manufacture of other non-metallic mineral products
Number Employed: 200
Group: Covigest

Employment Effects

Announcement Date: 05-02-2004
Planned Job Reductions min: 200
Planned Job Reductions max: 200
Type of Restructuring: Bankruptcy/Closure

Additional Information

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.