> French chemical plant Vencorex partially taken over by Chinese competitor Wanhua / 39WB962
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French chemical plant Vencorex partially taken over by Chinese competitor Wanhua / 39WB962
Clip ID 2344929
Creator AFP
Clearance
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Description
"More than disappointment, what we feel today is deep anger," says CGT union representative Séverine Dejoux after the partial takeover of the Vencorex chemical plant, located near Grenoble, was awarded to its Chinese competitor Wanhua. The group, through its Hungarian subsidiary BorsodChem, will retain 54 out of 450 jobs, according to the decision by the Lyon commercial court, which deemed the emergency cooperative takeover bid put together by employees and local authorities "inadmissible." IMAGES AND SOUNDBITES