“We ask Vallourec that the consequences of the plan on French activities be minimized,” reacted the Ministry of the Economy, while the State holds some 2% of the company.
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Bad news for workers. The French manufacturer of seamless tubes Vallourec announced on Wednesday May 18 its intention to cut some 2,950 jobs worldwide, including 320 in France.
The group announced in a press release a reduction “about 2,400 positions” notably following the closure of its German sites, as well as the deletion “about 550 posts” in support functions.
Regarding the positions deleted in France, just under a hundred will be taken from the Saint-Saulve site, a hundred from Aulnoye-Aymeries and the balance from the shared services center in Valenciennes, the company said. According to her, it is because no “credible buyer has not been identified” for the German activities, that their closure has been announced.
“We ask Vallourec that the consequences of the plan on French activities be minimized and we demand that the forging, threading, research and development center in Aulnoye-Aymeries (Nord) be maintained and strengthened” reacted the Ministry of the Economy Wednesday evening after the announcement. Since the last restructuring of the group in 2021, the State still controls 2.3% of the capital of Vallourec via the Public Investment Bank (BPI).
The group achieved 916 million euros in turnover in the first quarter of 2022, up 30.5% compared to the same period in 2021, reducing its net loss to 35 million euros against 93 million euros. euros last year over the period.