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.
RHI Magnesita, an Austrian refractory-manufacturing company, announced the closure of its two French plants in Valenciennes and Flaumont-Waudrechies, cutting around 150 jobs in total. The plants, which produce high-temperature refractory products made from dolomite, for the steel and cement industries will shut down.
The decision stems from structural difficulties, rising energy costs and intensified international competition. The group initiated a closure procedure at the sites. A job saving plan with employee representatives is currently underway.
Three prior large-scale restructuring by RHI have been recorded in the ERM database, with the latest in 2009 RHI 2009 - DE.
Eurofound (2026), RHI Magnesita, Closure in France, factsheet number 204610, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204610.
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