13 publishers · first seen Thu, 12 Nov 2026 08:32 UTC · updated Thu, 12 Nov 2026 12:11 UTC
The Toulouse commercial court has ordered the closure of the Fibre Excellence paper mill in Saint-Gaudens, resulting in the dismissal of 300 employees. The Fibre Excellence group, once the leading paper pulp company in France, filed for judicial restructuring in April due to declining profitability. A proposed takeover by a Portuguese group and the Occitanie region did not succeed, leading to the definitive liquidation of the mill. Employees will be offered professional security contracts for one year.
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