"Vencorex is first and foremost the story of an organised bankruptcy": Sophie Binet, President of France's influential CGT union, speaks in Pont-de-Claix (Isère) to support employees of Vencorex, as the company, placed in receivership at the request of its shareholder, received a single takeover offer, from the Chinese group Wanhua, which plans to keep only 25 of the plant's 450 jobs. SOUNDBITES