Restructuring events
European Restructuring Monitor (ERM)
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.
RHI Magnesita, an Austrian refractory manufacturer, announced the closing of two French plants in Valenciennes and Flaumont Waudrechies, resulting in the loss of 143 jobs.
The decision follows a sustained decline in profitability at the French sites and an ambition to shift production to lower-cost locations, particularly Asia where RHI Magnesita has recently acquired plants. Both Valenciennes and Flaumont Waudrechies will see the full cessation of operations.
Trade union representatives from CGT and the works council have organized a strike and public demonstration. The local workforce’s exit is expected to be governed by the PSE process.
Eurofound (2026), RHI Magnesita, Offshoring/Delocalisation in France, factsheet number 300705, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300705.