French Court Rules on Polytechnil Takeover Bid
A French commercial court is set to rule on the sole takeover bid for chemical company Polytechnil. The company operates production sites in the Rhône and Drôme departments. The current single offer only proposes to retain a portion of the 550 employees. Workers at the company are reportedly experiencing anxiety regarding the decision. The company faces the potential loss of over 500 jobs across the Rhône and Drôme regions. Labor unions are currently requesting an extension from the state to secure an alternative buyer. Only a small portion of the existing workforce is expected to be retained under the current proposal.
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Sources · 7 independent
France Info
“la justice commerciale doit se prononcer sur la seule offre de reprises déposées pour cette entreprise chimique qui possède des sites dans le rône et la drôme. Cette unique offre ne prévoit de reprendre qu'une partie des 550 salariés.”
RTL2 France
“Aujourd'hui, la justice commerciale se prononce sur la seule offre de reprises de l'entreprise chimique. Plus de 500 emplois sont monassés dans le rône et la drôme. Seule une petite partie d'entre eux pourrait être sauvées.”
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