French internet solutions firm Cortix is closing its subsidiary in Tunis and will lay off between 210 and 240 staff based in Tunis.
Since April, the parent company in France is facing serious financial difficulties, which, in turn, affected its offshore branch in Tunisia, Amel Laouini, a former project manager at Cortix told Tunisialive site.
In July, between 30 and 40 non-contractual employees, who were on probation, were thanked and left Cortix, while the remaining employees have seen their recruitment suspended. Cortix will completely close its Tunisian site next September 5.
Amel Laouini, however, indicated that companies are currently looking to buy the Tunisian subsidiary of Cortix, but it is not clear which direction will be given to the company’s business in the future.