Restructuring events
European Restructuring Monitor (ERM)
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.
On 8 November 2010 the commercial court of Evry decided to place Vogica into liquidation, leading to the loss of 713 positions. The company, a retailer of custom made kitchens and bathrooms, was declared insolvent in September and has since failed to generate interest among its competitors or investors, which could have saved the company.
The company's operations consisted of two subsidiaries: the one in liquidation oversaw the company's network of 45 retail stores, employed 600 workers, and has been closed since 9 November. In addition, that subsidiary also operated a call-centre (48 employees), the company's headquarters in Evry, Essone, (20 employees) and another site in Châtenois, Lorraine (45 employees). All of these employees will now be dismissed.
The company's other subsidiary consisted of a manufacturing plant, producing kitchens and bathrooms, and employed 125 employees. There is still a chance that this plant could be taken over.
Eurofound (2010), Vogica, Bankruptcy in France, factsheet number 71159, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/71159.
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