Leading French processor Ocealliance has been forced to close two wholesale businesses in northern France and partially lay off 250 workers, with five of its 12 divisions deep in the red, Les Echos reported.

The Britanny-based businesses in Saint-Guenole and Plouescat were shut down as the company halved its activities, putting half its 500-strong workforce on part-time working hours.

CEO Guenole Merveilleux confirmed the closures in a separate interview with Le Parisien.