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.
(10 - 33) Manufacturing (16 - 17) Manufacture of wood and paper materials 17.1 - Manufacture of pulp, paper and paperboard 17.12 - Manufacture of paper and paperboard
120 jobs Number of planned job creations
Announcement Date
20 July 2011
Employment effect (start)
1 July 2011
Foreseen end date
Description
Since April 2011, a new company Souche Papers has assumed the activities of the former "Papeterie de la Souche" which was liquidated as a result of a decision from the Commercial Court of Epinal in December 2010. As a result of the closure 168 workers lost their jobs. However 120 former employees rebuilt the operations and created a new company to take over the plant. These 120 employees are the main shareholders of the company.
Sources
20 July 2011: Est Républicain
Citation
Eurofound (2011), Souche Paper, Business expansion in France, factsheet number 72248, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72248.
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