Company: the employees of the ITC foundry set up a SCOP to save their company

Company: the employees of the ITC foundry set up a SCOP to save their company

A year ago, the employees of the ITC foundry, in the Ardennes, experienced difficult times. But since then, five of them have made the courageous bet to take over the company as a SCOP. The results are positive.

Company: the employees of the ITC foundry set up a SCOP to save their company

In the heart of the Ardennes, in Donchery, an aluminum foundry, still very artisanal, almost disappeared. At the beginning of 2020, while it was producing at a loss, the judicial liquidation was pronounced. The ten employees were then made redundant. But five of them decided to set up a SCOP, a cooperative production company to save their business. They therefore invested part of their compensation.

A full order book three months in advance

After 23 years of foundry, Yann Sobanski,head of shells and partner, paid nearly 19,000 euros. “I knew we were going to get there, because I know all the customers. We knew very well that they were counting on us. There was no real doubt ”, he says. The founders have risen to the challenge of the first year, with almost 900,000 euros in turnover and a full order book three months in advance. The partners have been able to diversify into the agricultural sector and street furniture to find new customers.