In September 2023, over a sliding 12-month period, the number of insolvency proceedings in mainland France and the French overseas departments rose sharply, returning to levels seen prior to the COVID-19 crisis. In this #FocusEco, we shed light on recent trends in business failures, safeguard procedures and their impact on employment.
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Business insolvency and safeguard procedures in mainland France: Increase and impact on employment
Key statistics show an alarming increase in the number of cases of receivership and compulsory liquidation in mainland France, with over 50,214 cases opened, up 372% on the previous year. This situation is putting some 182,641 jobs at risk, a figure not seen for ten years. The construction, consumer and business services, and agri-food sectors are particularly vulnerable.
Safeguard procedures: A selective perspective
The +46% increase in safeguard procedures highlights a worrying situation, especially in the construction and public works sectors and in retailing. Sectors such as agri-food and financial services are facing increased challenges, particularly in terms of access to credit.
Collective procedures in French overseas departments and territories: Réunion in the front line
In 2023, 1,604 insolvency proceedings were recorded in the French overseas departments and territories, with an increase in insolvencies (+234%) and safeguard proceedings (+32%). Reunion is particularly hard hit, accounting for a significant proportion of receiverships and liquidations.
A climate of uncertainty for French companies
Current analysis reveals major challenges for companies in France and the French overseas departments and territories, with specific sectors in difficulty. Companies must remain vigilant and adapt to navigate this uncertain economic climate.
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