EMCC European Monitoring Centre on Change

Petroplus

Company/Organisation:
Petroplus

Geographic Location

Country: France
Region: Seine-Maritime; Haute-Normandie; Bassin Parisien
Location of affected unit(s): Petit Couronne

Company

Sector: Manufacturing
Manufacture of coke, and refined petroleum products
19.2 - Manufacture of refined petroleum products
Number Employed: 550

Employment Effects

Announcement Date: 20-10-2011
Planned Job Reductions min: 120
Planned Job Reductions max: 120
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2012

Additional Information

On 20 October 2011, the Swiss chemicals group Petroplus announced the partial termination of its oil-refinery activities at the plant of Petit-Couronne, which currently employs 550 people. Some 120 jobs will be lost with the closure. The company explained its decision by overcapacity in a highly competitive market.

It is the fourth announced oil-refinery closure in France in recent years, after Total (ERM Factsheet), Petroplus (ERM Factsheet) and LyondellBasell (ERM Factsheet). The CGT union believes that this trend is accompanied by an increase in imports of refined petroleum products.