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 (13 - 15) Manufacture of textiles, apparel and leather 13.9 - Manufacture of other textiles 13.96 - Manufacture of other technical and industrial textiles
165 jobs Number of planned job losses
Announcement Date
2 March 2026
Employment effect (start)
1 June 2026
Foreseen end date
30 June 2026
Description
Indorama Ventures, a Thai manufacturer of polyester yarn, is closing its site in Longlaville (Meurthe-et-Moselle), resulting in the loss of 165 jobs. The site produces polyester yarn for tyres.
Despite investing in the site after it's purchase in 2017, the estimated production for this year are low due to high competitiveness from Asia. Indorama has therefore begun the process of finding a buyer. Social partners are also being consulted to develop a job saving plan.
Indorama Ventures has a total workforce of around 26,000 employees worldwide.
Eurofound (2026), Indorama Ventures, Closure in France, factsheet number 204357, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204357.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
