Around 240 workers at Spanghero, one of the meat processing firms at the centre of Europe’s horsemeat scandal, are facing redundancy.
The news follows the rejection by the judicial administrator of two bids for the takeover of part of the French business. Spangero has suffered a severe fall in business as a result of the scandal and incurred heavy losses.
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Last month, a French court ordered the liquidation of Spanghero but stipulated it be allowed to continue trading for the next three months while a buyer was found.
Two bids – one from the former owner and founder accompanied by an investor, the other from staff members – were found to be short on financing and therefore lacking in credibility. The two candidates, however, have until 5 June to improve their offers.
Parent company Lur Berri has offered to redeploy 78 Spanghero workers in other areas of its business.
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By GlobalData
