The Scopelec group (3,600 employees), subcontractor of Orange for the installation of optical fiber, is in the safeguard procedure after the loss of a large contract with the French telecom giant, he announced on Friday .
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By a judgment of March 17, 2022, the Lyon commercial court decided to place Scopelec SA in safeguard proceedings
,” the company said in a press release.
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As of April 1, 2022, unless the situation evolves in a favorable direction, more than 1,000 employees could find themselves without activity
”, also warned the company.
Scopelec, the largest cooperative group in France, lost a major subcontracting contract with Orange in November 2021, which should cause it to lose around 40% of its turnover, estimated at 475 million euros in 2021.
Reorganize the business
The leaders of Scopelec had publicly alerted in January to the risks weighing on the company, asking that solutions be found to allow it to pass this difficult course.
"
In nearly 4 months, Scopelec has received only partial and inconclusive responses
," the company said in its statement on Friday.
The safeguard procedure is aimed at companies in difficulty and which are not yet insolvent.
Read alsoLoss of contracts with Orange: 1,800 jobs at risk at subcontractor Scopelec
The objective is to facilitate the reorganization of the company to enable it to maintain its economic activity, the jobs and to ensure the settlement of its debts.
According to the website of the Ministry of Economy and Finance, the backup procedure generally ends with the establishment of a backup plan.
But it can also lead to the placement of the company in receivership or liquidation.
