date:Oct 15, 2013
The French Government has promised to use all means necessary to help almost 900 employees who were let go as part of the rescue plan agreed between Groupe Gad and the French courts.
Gad's parent company, Cecab, made the case for the layoffs saying that without significant restructuring, Gad's surplus production would have condemned it to going out of business.
It added Gad's difficulties were partly a result of it struggling to compete with rivals in northern Europe able to discount on prices