They were not. In fact they went through series of mass-redundancy episodes that were supposed to save them from bankruptcy, soon followed by yet another bankruptcy.
The COOP might fail. Indeed the call for contributions discussed in the article was motivated by that risk. But it won't fail because it was a COOP, because every CEO who tried also failed to save it. The COOP structure is this company's last chance, literally.
Their Wikipedia page says that headcount is flat to increasing over the last 10 years.
The coop structure is a result of their bankruptcy in 2024. As I understand, this was the proposal that didn't involve any layoffs and it was chosen by the bankruptcy court. They also got a large de facto subsidy. The fact that they have run out of money again so quickly (the root of the article) is quite worrying to say the least.
None of that changes anything to the points of my previous comment.
Except that these employees had been put on temporary unemployment (chômage partiel) [0] and their difficulties have been going on for much longer than 10 years.
Ultimately all I am saying is that other structures have not fared better than the COOP. Claiming that the potential current failure is because the COOP prevents hard decisions to be made while ignoring the fact that the previous owner lasted 3 years before failing (in spite of the temporary unemployment decisions) is not logical.
I have never claimed nor suggested that their situation is because they are a coop...
Most of the replies I got here have not even read my comments, apparently, and completely beside the point or just rush to condemn me for blaspheming. It's like the poor guy who dares disagreeing at a student socialist meeting.
Here is a quote from your original message which I have read and suspect others have too:
> In general coops are not good at tough decisions and innovation.
> Duralex already went bankrupt several times and they are heading for it again. What's in the article is nice but it's charity not business so unfortunately I am not optimistic.
These two paragraphs following each other do make it seem like you are making a connection between the two, coops being unpropitious for hard decisions and this particular coop heading for bankruptcy.
That original comment was primarily made up of three paragraphs criticising coops, and readers naturally assume that the final concluding paragraph (this place is likely going bankrupt) is linked to the first three.
> just rush to condemn me for blaspheming.
Nobody has accused you of blasphemy. They just disagree with you. You are not being victimised, and nobody has pretended you were not allowed to think as you think. There is just a discussion taking place between disagreeing people.
> Duralex already went bankrupt several times and they are heading for it again. What's in the article is nice but it's charity not business so unfortunately I am not optimistic.
Everyone can rally round in their time of need but that doesn't change the fact that Duralex was struggling to begin with, and once this goodwill windfall dries up they'll be back here.
They were not. In fact they went through series of mass-redundancy episodes that were supposed to save them from bankruptcy, soon followed by yet another bankruptcy.
The COOP might fail. Indeed the call for contributions discussed in the article was motivated by that risk. But it won't fail because it was a COOP, because every CEO who tried also failed to save it. The COOP structure is this company's last chance, literally.