Successful backup process for Gruau – L’argus PRO

The Grau family group, formed in 1889 and located in Mayne, a year after Nantes commercial court requested protection, in the context of a safe procedure Its security plan was adopted on December 30, 2020.. The expert in bodywork on commercial vehicles, which employs 1,550 people, really had to deal with it. “About Many”, Including the loss of an order of 40 million euros for the shuttle in the United Kingdom, which shook its cash flow strongly.

Gruao’s business fell 22.9% to 215 million euros in 2020.Against, 279 million in 2019, but the group “Now restructured and permanently profitable”, We can read in a press release.

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Two sites closed, hundred jobs cut

To get out of this difficult moment, Grau, which generates 80% of its business in France, was however forced to close two sites in Spain and in Correbil-Essenes (91). But also during a Job Protection Plan (PSE) its Laval site (53) was cut by around 100 jobs including 27 jobs. However, the bodybuilder was not able to benefit from the loan guaranteed by the state (PGE), as he requested to deal with the health crisis due to the security procedure.

Behind the clouds, the horizon seems clear today for the main supplier of police vehicles and the fire brigade, who had this opportunity during the one-year observation period, “To rethink your economic model, improve your agility and achieve good cash flow”. Group President Patrick Gruau can take a reprieve. “Oatmeal has proved its capacity for endurance in the context of great uncertainty”, He congratulated himself.

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About the Author: Forrest Morton

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