On the 8 PM news tonight, the French channel 1 (TF1) mentioned the decision by commerce tribunal in the city of Alençon to let the employees of PAMCO foundry to buy-out their enterprise and transform it into a worker cooperative.
PAMCO had been under judiciary administration over the last 15 months and restarts with 196 employees out of 270. A longer televised report on French enterprise buy-outs was broadcast today on the regional programme of French channel 3. It is available on the following link (only in French):
An article from the Associated Press agency has been published on the boursorama.com website. Click on the following link to read it: http://www.boursorama.com
News by secretariat and French member CGSCOP.
International Organisation of Industrial, Artisanal and
Service Producers' Cooperatives
Secretariat: C/O European Cooperative House - avenue Milcamps 105
1030 Brussels, Belgium
Tel: +32 2 543 1033, fax: +32 2 543 1037