Sintertech relapse. The automotive subcontractor specialized in powder metallurgy and sintering of metal parts was placed on March 27, 2019 in receivership by the Commercial Court of Grenoble (Isère) for a period of six months. Sintertech employs 230 people at two sites in Isère in Veurey and Pont-de-Claix and 68 in Oloron-Sainte-Marie in the Pyrénées-Atlantiques. Sintertech has experienced recurrent difficulties for ten years. In 2013, the company was bought by Thierry Morin from the Federal Mogul group for a symbolic euro. 130 jobs were then cut. Between 2016 and 2017, his losses were reduced by almost half. They amounted to 2.5 million euros for a turnover of 47.66 million euros in 2017. According to its shareholder, the company has returned to equilibrium since.
Ten years of crisis
Employees denounce a “lack of anticipation”. For Stéphane Dejean, elected CGT, “the current shareholder is […]
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