Weird News Ille-et-Vilaine. Decisive week for the Otima company, placed in compulsory liquidation

22:12  29 august  2020
22:12  29 august  2020 Source:   ouest-france.fr

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 MAINTENANCE. Entrepreneurs in Ille-et-Vilaine: © Fotolia The 60,000 rebound association, founded in 2012, supports entrepreneurs, whose business has gone bankrupt. Clara Bessou is an ambassador for 60,000 rebounds in Rennes, an association which helps business leaders in their professional reconstruction after the compulsory liquidation of their company. "Professional failure should not be confused with personal failure," she insists.

Liquidation is the process in accounting by which a company is brought to an end in the United Kingdom, Australia, New Zealand, Republic of Ireland, Cyprus, United States and Italy.

Liquidation can also refer to the act of exiting a securities position. In the simplest terms, this means selling the position for cash; another approach is to take an equal but opposite position in the same security—for example, by shorting the same number of shares that make up a long position in a stock.

Otima, installée zone de l’Aumaillerie à Fougères emploie 173 personnes. © Archives Ouest-France Otima, located in the Aumaillerie area in Fougères, employs 173 people.

The Fouger-based company Otima was placed in compulsory liquidation on Wednesday August 26, 2020, pending a buyer. Three candidates submitted their offers to the commercial court. Decryption in six acts.

Otima, à Fougères, a fabriqué des pièces pour les respirateurs des services réanimations des hôpitaux pendant le confinement. © Archives Ouest-France. Otima, in Fougères, manufactured parts for the ventilators of the resuscitation departments of hospitals during confinement.

A new era will begin for Otima, a company based in Fougères ( Ille-et-Vilaine ), specializing in fine sheet metal. In a disposal plan since the end of confinement, the company, which has 173 employees, was placed in compulsory liquidation on August 26, 2020. To better understand, take a look back.

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Xavier Lépine, président d’Otima, pendant le confinement. © Archives Ouest-France. Xavier Lépine, president of Otima, during confinement. Act I - Placement in receivership

At the beginning of April 2019, Xavier Lépine, freshly arrived at the presidency of Otima, made the decision, with the employees, of to request the placement in receivership of this Fougeraise company. The court granted their request on April 3, 2019, with an observation period, time to get back on the water, recalls a member of the social and economic committee.

A successful decision since we had managed to save money and the company to become profitable again. During the observation period, extended until this summer 2020, management had successfully restructured the company and established a continuation plan.

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Other articles where Ille - et - Vilaine is discussed: Brittany: …encompassing the northwestern départements of Ille - et - Vilaine , Morbihan, Côtes-d’Armor, and Finistère. Brittany is bounded by the régions of Basse-Normandie to the northeast and Pays de la Loire to the east.

CCI Ille - et - Vilaine , Rennes (Rennes, France). La CCI Ille - et - Vilaine accompagne les entreprises dans toutes les étapes de leur développement. La CCI Ille - et - Vilaine est fière d'être aux côtés de 26 000 entrepreneurs qui se battent chaque jour pour leur entreprise.

Act II - The health crisis

Only the health crisis has been there. Sweeping away hopes. Otima's customers (Alstom, Schneider Electric, Thalès, etc.) put both feet on the brakes, said the staff representative. Despite everything, employees found new momentum during the crisis thanks to the manufacture of respirators and non-contact hydroalcoholic gel dispensers.

But after deconfinement, the customers did not restart their mechanics and we did not have time to wait for them.

Act III - Disposal plan and potential buyers

The continuation plan was not successful and the company was placed in a disposal plan at the end of the confinement by the Rennes commercial court. It is therefore worried and in doubt that the 173 employees went on vacation at the beginning of the summer.

But at the end of July, good news fell. Three recovery files were filed. Something to reassure everyone: we all came back from vacation motivated, ensures an employee. Especially since the three potential buyers promise to keep all the employees. All were then waiting for the next hearing, scheduled for September 2.

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Ille - et - Vilaine 's 2nd constituency. Language. Watch. Edit. The 2nd constituency of Ille - et - Vilaine is a French legislative constituency in the Ille - et - Vilaine département. Like the other 576 French constituencies, it elects one MP using the two-round system

Ille - et - Vilaine is a depairtment o Fraunce, locatit in the region o Brittany in the northwast o the kintra.

Act IV - Placement in compulsory liquidation

But there you have it, a week before the hearing, Wednesday August 26th, Otima was placed in compulsory liquidation with one month of continuation of activities. Stupor and incomprehension among the employees. It's artistic vagueness, it's incredible, says an employee. Why place a company in compulsory liquidation a week before the announcement of a buyer?

The members of the CSE wish to reassure their colleagues. If for the moment the cash is there and the salaries can be paid, this liquidation investment is a security. An administrative game, aimed at protecting employees in the event of a problem.

Xavier Lépine, president of Otima specifies that this is a step. And recognizes that in the form, it creates anxiety and incomprehension among employees.

Act V - Hearing and deliberation of the commercial court

Otima therefore continues to operate and the order book, if it does not overflow, is still full for the next few months, assures a staff representative.

The members of the CSE are working with experts so that everyone can find their way socially and economically and will all be present this Wednesday, September 2 at the Rennes court: we will defend the case that seems to us to be the best.

Act VI - What future for Otima?

The future of Otima? The members of the CSE say they are confident, in view of the files submitted. These are issues that hold up. The goal is not to change Otima and destroy everything. Everyone agrees that the calm climate must continue. There are positives to all of this, that's what you need to remember.

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