The revival of the Acieries de Ploërmel steelworks : a co-operative's experience

• Alain SABOURIN
  PDG des Aciéries de Ploërmel Industrie SA
  
• Pascal TRIDEAU
  Directeur général de la Confédération générale des SCOP
  

Summary

It is hard for employees to believe that the company's executives could possibly save the company ! Neither is it easy either for these executives to become managers, and take the chance that their employees will be able to assume their new responsibility as share-holders ! It is a difficult for bankers to believe that all these people together will do better than the previous American share-holders ! Also it is hard to believe that capital is not the answer to everything, or that a co-operative enterprise is not a kolkhoz ! And yet, with a little luck, lots of determination, an imaginative administrative receiver and loyal clients, this approach worked for the Aciéries de Ploërmel Industrie steelworks. And we all know how difficult it is to make money in the foundry industry these days !

Summary translated from French by Rachel MARLIN.

• The entire article was written by Pascal LEFEBVRE.

To obtain this article, you can :

• download it for free in French (PDF help) or contact ecopar@paris.ensmp.fr (Reference VA061109).

The entire article appears in French in the Journal de l'École de Paris du management N° 83.