BRUSSELS , Aug. 16, 2013 (RISI) -
The Commercial Court of Compiègne has approved web offset press producer Goss International Europe's acquisition of part of Goss International France, currently in receivership, for Euro 2.4 million ($3.2 million). The decision was made in a hearing on July 26 and will lead to 300 job cuts, according to Georges Oganesoff at the CFDT union.
Goss International France has operations in Montataire, north of Paris, and in Nantes, in the west of the country. In Montataire, the firm has a press manufacturing facility as well as a development and support center. Press production there will cease and some 240 jobs will be cut, leaving 77 employees, according to Oganesoff. In Nantes, where the firm has a development center, some 60 jobs will be cut, leaving 46 employees, he added.
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