Overview
- Placement in redressement judiciaire was validated on January 7 for Arc France, the group’s French branch centered in Arques.
- Management cites a severe and sustained market deterioration and signals a deep industrial overhaul that will include headcount reductions.
- Unions warn that several hundred jobs are at risk, estimating potential cuts of around 500 positions at the Arques site.
- The company reports 5,700 employees worldwide, including about 3,500 in France, with the procedure limited to the French operations.
- Industry officials plan meetings on Thursday with bidder Timothée Durand and local stakeholders, as the state examines rescue offers following prior support that included over €138 million in loans, a €30 million loan, and a €42 million court-approved refinancing plan.