EMCC European Monitoring Centre on Change

M-Real

Company/Organisation:
M-Real

Geographic Location

Country: France
Region: Eure; Haute-Normandie; Bassin Parisien
Location of affected unit(s): Alizay

Company

Sector: Manufacturing
Manufacture of wood and paper products, and printing
17.1 - Manufacture of pulp, paper and paperboard
Number Employed: 330

Employment Effects

Announcement Date: 18-10-2011
Planned Job Reductions min: 330
Planned Job Reductions max: 330
Type of Restructuring: Closure
Employment Effect Start: 30-06-2012
Direct Dismissals: 330

Additional Information

On 18 October 2011, the Finish paper and pulp manufacturer M-Real announced the closure of its plant in Alizay (330 employees). In May, the group had announced that the plant was to close if it could not find a credible buyer by the end of September. As negotiations with potential buyers, who demanded to receive funds from M-Real for the take-over, failed, M-Real announced its decision to close.

The public authorities are trying to save the plant and to launch mediation between M-Real and the potential buyer. However, M-Real has started the process of closure.

M-Real had already dismissed 110 employees in 2006.

Update: On the 8th of March 2012, M-Real has announced the closure of its site by the end of June 2012 and the final dismissal of 330 employees. This decision was announced at the end of the information and consultation process. The management has stated that it will reindustrialize the site in the framework of a working group including local authorities and employees' representatives.