France’s second largest courier company, Mory Ducros, has filed for bankruptcy in a move which Union officials say threatens up to 7,000 jobs.
It is the largest bankruptcy case since household goods company Moulinex went bust in 2001.
Corporate bankruptcies have reached an historical high in France this year according to credit insurer Coface, up to 62500.
not the first and won't be the last.
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