Mecaplast expands Chinese operations

Monegasque car parts manufacturer to open 2 new factories.

New CEO for Mecaplast

Christine Benard at the wheel.

Satisfaction for Sofamo Biotherm workers

A satisfactory redundancy package has finally been offered to the factory workers of Sofamo Biotherm.

Sofamo Biotherm back to work

The Monaco workforce of l'Oreal's Sofamo Biotherm factory returned to work this morning after two weeks of demonstrations and strikes. On Monday, in frustration at the stalemate in negotiations with local management, 100 employees made the decision to take their grievances to the organ grinders in Paris. Five directors met the delegation and gave assurances that worthwhile redundancy and relocation packages would be arranged. Workers have been persuaded to return to the Principality and to go back to work.

Biotherm factory to close

Bad news this week for 200 Monaco employees of the L'Oreal subsidiary, Biotherm, in Fontivieille. Management has announced that the Sofamo factory will close on 31 March 2011. Despite a turnover of 68 million euros in 2006, the cosmetics and beauty products manufacturer has decided that the Monegasque factory is not viable. Located over 7 floors and in a town centre building, possibilities for growth are severely limited. There are environmental problems, issues of security and safety for locals, not to mention the difficulties of economic expansion.

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