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 24.2 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
600 jobs Number of planned job losses
Announcement Date
25 February 2019
Employment effect (start)
25 February 2019
Foreseen end date
Description
As announced on 25 February 2019, the French steel pipe manufacturer Vallourec will be cutting 600 jobs in North-Rhine Westphalia (NRW) due to internal restructuring. Cuts are necessary due to increasing competition from China as well as a decreasing market for steel pipes. According to Vallourec, exit-agreements, mainly early-retirement programmes, have been made with 440 employees. The job reduction will affect all plants in NRW, however an exact distribution as well as a timeframe have yet to be announced.
Currently, Vallourec has 19,000 employees worldwide and 4,000 in Germany.
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