The automotive subcontractor with 320 employees in Vienne is threatened with compulsory liquidation
The Renault manufacturer pledged on Wednesday January 26 to support the volumes and cash flow of the Fonderie du Poitou Alu, an automotive subcontractor with 320 employees in Vienne threatened with compulsory liquidation, to enable it to find a buyer.
“Renault undertakes in writing to support volumes until February 2023, if no buyer appears by this date”
Representatives of the State and of the Renault group, the only customer of the factory which manufactures aluminum cylinder heads, had an appointment with the unions on the site of Ingrandes-sur-Vienne, north of Châtellerault in Vienne. “Renault undertakes in writing to support volumes until February 2023, if no buyer appears by this date, and until 2025 if a buyer agrees by then”, said Jean-Philippe. June, CGT trade union representative and spokesperson for the CGT/CFE-CGC union.
300,000 pieces per year
In total, this order will concern “300,000 parts per year, corresponding to a turnover of 20 to 25 million euros per year depending on the year” for the equipment manufacturer, detailed the trade unionist.
The French manufacturer undertakes to support cash “up to 500,000 euros per month until February 2023”
Similarly, the French manufacturer undertakes to support the cash flow “up to 500,000 euros per month until February 2023”, continued Jean-Philippe Juin. “It’s a small victory, the employees breathe a little more. Now, the urgency is to find a buyer very quickly, which will allow us to diversify, in particular towards electric cars, ”he said.
The subcontractor, in receivership, had until the deadline of January 10 to find a buyer, after having obtained a delay from the Paris Commercial Court. But no candidate has come forward so far, threatening the site with “imminent” judicial liquidation.
A new meeting between the public authorities, Renault and the intersyndicale is set for 1er March.
A subsidiary of the Alvance group of the Indo-Briton Sanjeev Gupta, Fonderie du Poitou Alu has been in difficulty for several years. The adjoining Fonderie du Poitou Fonte factory, which produced diesel crankcases for Renault, closed its doors this summer.