Duralex employees will take over the running of the emblematic French glassmaker after a decision by a court.
The Orléans Commercial Court validated a takeover project for the Duralex glassworks on Friday, July 26, 2024, which will save 228 jobs.
Among the three takeover offers, the project of the Société Coopérative de Production (SCOP) was validated.
The Scop proposal was supported by 60% of staff and led by site management.
In a statement the project said: “We are taking our destiny into our own hands and are determined to carry our company, an icon of French industry, in an ambitious transformation project.”
The court had heard of three proposals, including one from the owners of the Waltersperger glass plant in Normandy, France.
The court referred to the SCOP proposal as a 'coherent and serious marketing and commercial project' with 'strong guarantees' , considering that the SCOP appears able to maintain the 'activities of employees under feasible conditions' .
The glassworks in La Chapelle-Saint-Mesmin (Loiret), a town in the Orléans metropolitan area employs 228 people.
High energy prices and a drop in consumption had led to the company facing closure.
01.08.2024, Duralex
Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.