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last mo.

Court Approves Family Takeover of Arc, Paving Way for 704 Job Cuts

The transfer awaits labor authority sign-off before an early April rollout.

Un ouvrier inspecte des verres sur une ligne de production de l'entreprise Arc, le 13 septembre 2022, à Arques (Pas-de-Calais).
Le projet de reprise du groupe verrier Arc par Timothée Duran a été validé vendredi 20 mars par le tribunal de commerce de Tourcoing.
Un employé de la verrerie Arc, situé à Arques, dans le Pas-de-Calais, le 13 septembre 2022.
Un salarié du verrier Arc travaille, le 27 juin 2016 à Arques (Pas-de-Calais)

Overview

  • Timothée Durand becomes sole shareholder and will rebrand the company as Verrerie Arc 1825 with €50 million financed by investor Matthieu Leclercq.
  • The employment protection plan approved by unions on March 10 foresees 704 redundancies at Arc’s Arques site, with the split between voluntary exits and layoffs still unspecified.
  • Implementation requires DREETS homologation, and departure notifications could begin around April 2 once the approval is granted.
  • Management frames the cuts as resizing production to sales volumes, including shutting furnace H, while unions decry a heavy social cost yet welcome the firm’s survival.
  • Arc France reported a net loss of over €32 million in 2024 on group revenue of €688 million, and stakeholders warn of risks from energy prices and weaker market demand.