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Vallourec
Main severance
Not public
Health cover
Statutory portability
Status
Signed
Positions affected
~900 positions France / 2,000 globally
Context
Why the plan was launched and who is affected
Plan type
Sector crisis
Sites affected
Multiple France sites (seamless tubes for oil/gas)
Rationale & context
2020-2021 global oil crisis (2nd in 5 years for Vallourec) — demand collapse, Asian competition. Vallourec, global leader in seamless tubes for oil/gas (70% of revenue), accumulated €3.5B debt. Global 2,000-cut plan including ~900 in France. Restructuring under judicial sauvegarde procedure.
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Severance
What employees received — legal base, supra-legal, caps
Legal / collective indemnity
This is the minimum guaranteed by your sector's collective agreement. Paid to every affected employee on top of the statutory legal indemnity.
Metallurgy collective indemnity
Underlying formula · 1/4 month per year up to 7 years, then 1/3 month beyond (slightly improved vs. legal minimum which caps at 10 years).
Supra-legal top-up
The amount negotiated by unions ON TOP OF the legal and collective minimum. Often the largest part of the package.
Details not public
Notice period
Period between the dismissal notification and the actual departure. The employee remains paid during this time, whether they work or not.
Not specified in the PSE.
Collective minimum · Metallurgy agreement (IDCC 3248) — Managers: 3 months. Non-managers: 1 to 2 months by classification and seniority.
Example — rough estimate
For a non-manager employee with 5 years of seniority and €3,500 gross/month:
| Collective severance | (1.25 months × €3,500) | €4,375 |
| Supra-legal severance | — | Not publicly disclosed |
Very rough illustrative estimate. Your actual amount depends on your exact reference salary (max of 1/12 of last 12 months or 1/3 of last 3 months, bonuses included — art. R1234-4 French Labour Code), your precise status (manager/non-manager/ETAM), your hire date and your individual situation. For a personalized calculation of the legal indemnity, use the official French Ministry of Labour simulator.
Notes & sources
Additional information and references
Notes
2020-2021 oil crisis (2nd in 5 years) heavily affecting Vallourec (70% of revenue in oil/gas, €3.5B debt). Global 2,000 jobs plan including 900 in France. Restructuring under sauvegarde procedure. PSE financial terms poorly publicly accessible.
Support
Outplacement, training, retraining aid and mobility
No one has documented this point for this plan yet. If you've been through it or have the document, your help will make this file useful to the next person.
Selection
How departures are decided — criteria and voluntary scheme
No one has documented this point for this plan yet. If you've been through it or have the document, your help will make this file useful to the next person.
📄 Miroir Social — Vallourec licenciements et fermetures de sites en France · View source →