The French MoryDucros company filed for bankruptcy protection package

According to Reuters reports, France's second largest express company MoryDucros announced on November 22nd local time, facing financial difficulties the company filed for bankruptcy protection. The cfdt Federation (CFDT) said, the bankruptcy of the company may make nearly 7000 jobs, this is for the current high unemployment rate in France, is one disaster after another.
MoryDucros was founded in 2012 January, by Mory and Ducros two express company merger. In the past 18 months, the new company has experienced serious financial deficit, bankruptcy will provide legal guarantee for corporate restructuring. It is reported, in November 26th, the French Commercial Court on the bankruptcy reorganization plan approved. After filing for bankruptcy protection, the MoryDucros will gain a for bankruptcy enterprise economic aid provided by the government of France, a total of 380000000 euros.
Before Mory and Ducros two express company, Mory package and transportation business has reported losses. The Caravelle consortium in 2011 October to take over the debt and restructured, once full of confidence, in the hope that through business restructuring in late 2012 to achieve profitability.
However, this desire apparently did not reach: media public data show, the year 2012, MoryDucros turnover was 670000000 euros, up to 6500000 euros in fiscal deficit. At the end of 9 this year, the "hole" is reached 600000000 euros.
At present, direct hire employees of the company reached 5200, has 85 warehouses, 4500 transport vehicles.
"In the next period, the company will take inventory of own option, to seek the solution may be to maintain the company continue to run, and the sustainable development mode, will be retained as much as possible the company's existing staff." MoryDucros said in a statement.
MYEX Minya Express International
2013-12-20