High court halts Lafarge plans to close Frangey site, France

High court halts Lafarge plans to close Frangey site, France
Published: 13 March 2012

Tagged Under: Lafarge France Frangey 

The French High Court has blocked Lafarge’s plan to close its plant in Frangey, northern France until 25 November 2012.

SeeNews France reports that the court has also annulled the group’s restructuring plan, but said the economic reasons for halting activity at the site were valid.

Lafarge management will propose to staff representatives to resume negotiations for a new restructuring plan starting from November 2012.

The Frangey facility employs 74. The Lafarge group had said its decision to shut the plant down was due to overcapacity and high production costs.