Renault, to which the Toulouse Commercial Court had given until Wednesday to rule, "regrets this situation, measures the consequences of its decision and will continue the dialogue with SAM employees in order to offer them alternative employment solutions at within the Renault Group, ”the company added in a statement.
Taken over in 2017 by the Chinese group Jinjiang, the Aveyron company of metallurgy, based in Viviez on the heights of Decazeville, had been placed in receivership on December 10, 2019, then, on September 16, in liquidation with extension of activity. until December 10.
After submitting a first offer in July, company manager Patrick Bellity sent a letter of intent last Thursday to take over this foundry, a letter accompanied by letters of support from the State and the Occitanie region. .
But it was also necessary that Renault, the last customer, commits to "a defined load plan" before Wednesday, depending on the region, otherwise the court could declare on Friday a "dry liquidation" of the company, had warned the CGT.
However, "Renault Group cannot commit to the plan to take over Alty-Sifa", Mr. Bellity's company.
"An in-depth analysis of the file does not confirm the sales assumptions presented in this offer. Once again, as was observed in July 2021, this offer does not present the conditions of sustainability and security necessary for the company and its employees ", judged the group in Losange.
In addition, "there are strong doubts about the financial soundness, despite the external financial support envisaged, and the real investment and recovery capacities of Jinjiang SAM by Alty-Sifa", according to the same source.
Renault remarked that it had been "the only industrial player to provide for many years significant direct financial support to the company with 42 million euros (...) to alleviate a situation made difficult by the structural absence competitiveness ".
In a separate file from another ailing subcontractor, Renault on the other hand said on Tuesday to support the plan to take over the company of some 280 employees Alvance Aluminum Wheels, based in Diors in Indre, by the Saint-Jean Group Industries.
"This support will result in the integration of the new company in its panel of suppliers of aluminum wheels intended for the European assembly plants of Renault Group", according to the company.
Warning that "this takeover project is, certainly, the last chance for the recovery of the company", Renault said "undertakes (r) to consult the new company for the development and production of aluminum wheels under its expertise. to be technical, thus allowing it to access a production volume of up to 500,000 wheels per year for the benefit of Renault ".
© 2021 AFP