Vallourec: confirms 'action plan' in Germany
(CercleFinance.com) - On Wednesday evening Vallourec group published information responding to the article published by the online edition of the magazine 'Challenges' today, which reported a large redundancy plan affecting three sites in France and one site in Germany in 2019.
"Vallourec formally refutes the information that it is preparing a vast redundancy plan for France. The plan is currently being implemented at the boiler line in Saint-Saulve and will be finalized at the end of December 2018," the company first said.
"In addition, the Group confirms it is working on the definition of an action plan to strengthen the competitiveness of Vallourec's activities in Germany. This action plan will be submitted in due time to consultation and negotiation of an agreement with the relevant staff representative bodies."
Copyright (c) 2018 CercleFinance.com. All rights reserved.
"Vallourec formally refutes the information that it is preparing a vast redundancy plan for France. The plan is currently being implemented at the boiler line in Saint-Saulve and will be finalized at the end of December 2018," the company first said.
"In addition, the Group confirms it is working on the definition of an action plan to strengthen the competitiveness of Vallourec's activities in Germany. This action plan will be submitted in due time to consultation and negotiation of an agreement with the relevant staff representative bodies."
Copyright (c) 2018 CercleFinance.com. All rights reserved.