Overview
- The Lille Métropole commercial court approved redressement judiciaire on January 7 for the Arc France entity.
- Management says a deep industrial overhaul will require reducing headcount, while the CGT estimates roughly 500 jobs could be at risk.
- Timothée Durand, from the founding family, plans to present a takeover offer that the government will review, with the industry minister set to meet him on Thursday.
- Arc reports 5,700 employees globally, including about 3,500 at its main site and headquarters in Arques (Pas-de-Calais).
- The decision follows multiple public supports, including more than €138 million in state loans from 2020–2023 and a 2024 package with a €30 million loan and partial debt forgiveness, as sales were pressured by weak demand, higher energy costs, inflation, Asian imports and regional floods.