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.
(64 - 68) Financial / Insurance/ Estate 64 - Financial service activities, except insurance and pension funding 64.2 - Activities of holding companies and financing conduits 64.2 - Activities of holding companies and financing conduits
200 jobs Number of planned job losses
Announcement Date
8 September 2013
Employment effect (start)
18 September 2013
Foreseen end date
Description
On 12 September French group Erco-Finances was placed in receivership. This will lead to 200 job losses in Toulouse and Montauban. As announced the job losses are due to the liquidation or placement in receivership of several of its subsidiaries.
Sources
18 September 2013: La Dépêche
15 September 2013: ToulÉco
8 September 2013: ToulÉco
17 September 2013: Objectif news
Citation
Eurofound (2013), Erco-Finances, Bankruptcy in France, factsheet number 75874, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75874.
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