The Novasco Company Obliged to Remove More than 500 Jobs After the "Partial Divestiture" of the Court
29 Articles
29 Articles
The liquidation of Novasco in Hagondange marks the end of the last Moscow steelworks. While 450 jobs are threatened, Industry Minister Sébastien Martin promises to relaunch a project on the site and announces proceedings against the Greybull fund.
Only one plant will be taken over. The three sites in Saint-Etienne, Custines and Hagondange where the atmosphere was particularly heavy on Monday, are promised to liquidation.
The consortium of investors around an Ardennes SME has only taken over one of four sites - Dunkirk - from the former Ascometal, which has been in judicial reform since August. Only 144 out of 696 employees are expected to keep their jobs.
After a long uncertainty, the Strasbourg court decided on Monday that the steel company, symbol of the French industrial failure, would save only 144 posts out of 696. Although the government has announced that it wants to take legal action against the shareholder, it wakes up very late.
The partial divestiture of the steelmaker in difficulty Novasco to the White Metal consortium was retained this Monday by the commercial court in Strasbourg. Nearly 500 posts could be abolished.
The Leffrinckoucke site is conserved but the other three are at risk of closing. 550 jobs could be eliminated.
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