Duralex, in monetary problem for the reason that vitality disaster, positioned in receivership | EUROtoday

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Duralex products displayed in a store, in La Chapelle-Saint-Mesmin (Loiret), November 26, 2012.

In problem for the reason that vitality disaster of 2022, the Orléans business courtroom determined, Wednesday April 24, to position the French glassmaker Duralex in receivership, with an commentary interval of six months, Agence France discovered. Press (AFP), on the courtroom.

During a listening to that lasted simply over an hour, the courtroom appointed two authorized representatives, and adjourned the case till June 5. “The court hopes to find a buyer” for the French firm in problem, a Justice of the Peace defined to the press on the finish of the listening to.

At the listening to, throughout which the skilled judges took turns listening to two elected officers from the social and financial committee (CSE) per consultant union, in addition to the administration of the French firm, the staff “have asked for explanations, which we are still waiting for”commented to AFP François Dufranne, worker of Duralex since 1992 and elected CGT.

“They try to do what they can for us”

While ready for the subsequent listening to, the 2 brokers appointed “are going to take stock of the situation”continued the CGT unionist on the finish of the listening to. “We’ll know more later. They try to do what they can for us.”he added, specifying that the 230 employees would “to be able to continue working”.

Duralex had suffered the full brunt of the surge in gas prices following Russia's invasion of Ukraine in February 2022, and had been temporarily saved by a state loan of 15 million euros, which had made it possible to reopen its glass furnace and restart its production, after five months of closure.

However, in fiscal year 2023, “new difficulties have emerged”attributable to inflation, a consumer environment “in sharp decline” and to a “exacerbated competition”specifies the company, adding that, “despite operational efforts and continued investments, the losses could not be stemmed”.

Reread our 2022 article | Duralex glassworks broadcasts it can put its manufacturing on standby this winter to avoid wasting vitality

The World with AFP

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