France’s Vallourec transfers activities to Brazil

In mid-November, after a long financial restructuring process, Vallourec announced the sale of its activities in Germany and the suspension of manufacturing in Europe of industrial pipes. It planned the transfer of part of its activities to Brazil.

RIO DE JANEIRO, BRAZIL - On May 18, the French steel tube manufacturer Vallourec announced its intention to cut about 2,950 jobs worldwide, 320 of them in France, confronting the government with its first social plan since Élisabeth Borne took office as Prime Minister.

The group announced a reduction "of 2,400 jobs," following mainly the closure of its facilities in Germany and the elimination "of about 550 jobs."

In mid-November, after a . . .

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