Vallourec cuts 3,000 jobs and closes the Saint-Saulve plant

The oil services company says it can no longer produce competitive steel pipes in Western Europe. Less than two years after an earlier redundancy plan, Vallourec announced on Wednesday the cessation of its European seamless tube manufacturing operations. This will lead to the closure of several factories, including in Germany and Saint-Saulve (north), he said. … Read more

The Banque de France expects the French economy to grow “moderately” by 0.2% in the second quarter

Growth should be supported by a recovery in the services sector, while industry and construction suffer more from tightening and inflation. The Banque de France on Wednesday estimated that the French economy should grow at a moderate pace by 0.2% in the second quarter, supported by a recovery in services if industry and construction suffer … Read more

France threatened by “stagflation”?

Published on : 04/30/2022 – 17:00 Amid rising energy and commodity prices and sluggish growth, the latest economic indicators released by INSEE on Friday are raising fears of the onset of ‘stagflation’. Explanations. This has not been the case since the mid-1980s. Inflation continued to accelerate in France in April, reaching 4.8% over a year, … Read more