Aveyron: Why Renault lets go of the Sam foundry and its 340 employees?

Scheduled to last, the event of SAM Technologies employees started this Tuesday in the morning before the prefecture of Aveyron in Rodez, finally ended around 5 p.m..A general meeting of staff will be held this Wednesday at 11 am, at the foundry of Viviez.

At the call of the CGT union, some 150 employees of the Sam de Viviez foundry had laid tents and panels to settle in front of the prefecture in Rodez.A small general meeting decided otherwise at the end of the day, to set a general meeting of staff this Wednesday, at 11 a.m..This Wednesday coincides with the ultimatum of a prior Renault agreement requested by the Commercial Court to rule this Friday.

As a reminder, the 340 employees of the foundry hope that the proposal of the only buyer, Patrick Bellity, supported by the State and the Region, will be retained by the Commercial Court which requests a prior agreement from Renault, customer of SAMTechnologies.

But barely two hours after the departure of the SAM """"""""""""""""""""""""""""""""campers"""""""""""""""""""""""""""""""" to return to Viviez, the Renault group split a press release announcing that it would not support the project carried by Patrick Bellity and supported by the State and theRegion.Entitled """"""""""""""""""""""""""""""""Renault Group: two responses to the courts concerning suppliers"""""""""""""""""""""""""""""""", here it is in its entirety:

Yes to the aluminum aluminum company, no in Alty-Sifa

""""""""""""""""""""""""""""""""Renault Group can support the takeover project for the Aluminum Wheels aluminum company envisaged by the Saint-Jean Industries group.Renault Group does not engage on the recovery project of Jinjiang Sam by Alty-Sifa, this one cannot propose a solid and sustainable industrial project.Renault Group is fully engaged in the support of the automotive sector in France, reindustrialisation and the development of future strategic activities in the territory.In full transformation and confronted with the challenges of the mobility revolution, the group made France the heart of its industrial and technological strategy.Nevertheless its industrial and social responsibility in a context of strong uncertainty of the automotive market does not allow it to provide unconditional support to its suppliers in difficulty.To get involved, the group needs solid elements on the sustainability of takeover projects, only capable of guaranteeing realistic perspectives to employees of these companies.""""""""""""""""""""""""""""""""

""""""""""""""""""""""""""""""""Thus, Renault Group supports the takeover project for the Aluminum Wheels aluminum company, in Indre, by the Saint-Jean Industries group.This support will result in the integration of the new company in its aluminum wheel suppliers panel intended for European assembly factories of Renault Group.The group undertakes to consult the new company for the development and production of aluminum wheels relating to its technical know-how, allowing it to access a production volume of up to 500,000 annual wheels for the benefit of Renault, underReserve of usual automotive supply conditions.""""""""""""""""""""""""""""""""

""""""""""""""""""""""""""""""""Renault Group considers that Alvance Wheels has essential assets such as its know-how and a market capable of meeting outlets to achieve its recovery objectives.One of the decisive issues for the success of its recovery plan, will consist of the transformation of the design office to carry out the development and launch of several projects simultaneously and thus carry out the industrializations entrusted by its customers, includingRenault.Renault Group is aware that this recovery project is, certainly, the last chance for recovery of society after the failures encountered in the past years.Renault Group is confident in the capacity of Saintjean Industries to make perennial Alvance Wheels and to consolidate employment on the site...""""""""""""""""""""""""""""""""

""""""""""""""""""""""""""""""""...Concerning Jinjiang Sam in Aveyron, Renault Group cannot engage in the takeover project of Alty-Sifa.An in -depth analysis of the file does not confirm the turnover hypotheses presented in this offer.Once again, as was noted in July 2021, this offer does not present the conditions of sustainability and security necessary for the company and its employees.There are strong doubts about 2 financial solidity, despite the planned external financial media, and the real investment and recovery capacities of Jinjiang Sam by Alty-Sifa.Renault also notes that the management difficulties encountered in the past have already led to the receivership of Sam Technologies and all of the subsidiaries of the Arche group in 2015-2016.Historical customer of SAM, Renault Group recalls that he is the last customer after the departure of all other manufacturers and equipment manufacturers and the only industrial player to provide significant direct financial support for the company with 42 million of direct financial support for 42 millioneuros invested in 5 years only for Jinjiang Sam and this to compensate for a situation made difficult by the structural absence of competitiveness.As he was also committed, Renault Group provided in 2016 an active participation in the search for a buyer able to perpetuate activities and maintain the level of employment in the Decazeville basin.Renault Group has led negotiations with all the groups present in France in the Foundry profession, complementary professions in the transformation of metal as well as with all of its aluminum suppliers around the world.All have declined and did not wish to present a recovery offer.Still in this perspective, Renault Group had twice supported in 2021 the solid takeover projects presented by the Spanish group Cie;projects that have been dismissed by employees and various stakeholders.Renault Group regrets this situation, measures the consequences of its decision and will continue dialogue with SAM employees in order to offer them alternative employment solutions within the Renault Group.""""""""""""""""""""""""""""""""