The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.20 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
320 jobs Number of planned job losses
Announcement Date
18 May 2022
Employment effect (start)
1 November 2022
Foreseen end date
31 December 2023
Description
French manufacturing group of seamless tubes Vallourec has announced it will cut about 2,950 jobs worldwide, including 320 in France. The closure of production sites in Germany, which did not find a buyer, will impact the French site of Saint-Saulve (Nord) which will lose its "heat treatment line". Of the 320 jobs lost in France, 65 jobs will be cut at the headquarters at Meudon (Haut-de-Seine). 250 will be lost in the north of France: about 100 employees at the Saint-Saulve site, around 100 at the Aulnoye-Aymeries site and the others at the shared services centre in Valenciennes. The first departures are planned at the end of 2022 and will be spread out over the whole 2023. The president of the Haut-de-France region has obtained the organisation of an emergency meeting with the representatives of the employees and the managers.
Eurofound (2022), Vallourec, Internal restructuring in France, factsheet number 106813, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106813.
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