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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.14 - Manufacture Of Other Organic Basic Chemicals
677 jobs Number of planned job losses
Announcement Date
11 April 2024
Employment effect (start)
15 April 2024
Foreseen end date
15 January 2025
Description
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).
In a press release, ExxonMobil Chemical France said it was "definitively 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.
The reason for the closure is poor economic results: the company is said to have lost €500 million since 2018.
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.
Eurofound (2024), Exxon Mobil, Internal restructuring in France, factsheet number 201076, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201076.
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