The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial / Insurance/ Estate 66 - Activities auxiliary to financial services and insurance activities 66 - Activities auxiliary to financial services and insurance activities 66 - Activities auxiliary to financial services and insurance activities
411 - 1,030 jobs Number of planned job losses
Announcement Date
27 March 2004
Employment effect (start)
Foreseen end date
Description
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 April 2004: Les Echos
27 March 2004: Le Monde
Citation
Eurofound (2004), Solymatic, Internal restructuring in France, factsheet number 59441, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/59441.