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.
ExxonMobil Chemical in France has announced the definitive shutdown of its plastics production line and 647 people will lose their jobs at their site at Port-Jérôme-sur-Seine (Seine-Maritime) and 30 at the group's head office at Nanterre (Haut-de-Seine).
ExxonMobil Chemical France is shutting down the steam cracker, polyethylene, polypropylene and adhesives units and the associated logistics facilities. This represents 70% of the site's chemical activities. The company plans to dismantle the facilities concerned and begin environmental remediation. ExxonMobil has announced that the first departures will not take place directly this year, but in 2025. Individual and collective solutions will be sought after consultation with employee representatives.
A previous restructuring has already had place in the ExxonMobil facilities in 2021 (ExxonMobil 2021 - FR confirming the economic struggles that the group is facing.
Updated, 21/08/2024: With regard to the redundancy plan, the four trade unions at ExxonMobil in Port-Jérôme announced on Tuesday that they were refusing to sign the PSE negotiated since April. Management had set a date of 6 August for staff representatives to vote on the redundancy plan.
** Updated, 17/10/2024 ** After four months of negotiations, the number of jobs cut has been adjusted from to 608, as opposed to 677 when the redundancy plan was first announced.
Eurofound (2024), Exxon Mobil, Closure in France, factsheet number 201076, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201076.