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Vencorex
Main severance
€40,000 supra-legal
Health cover
Statutory portability (12 months)
Status
Signed
Positions affected
379 dismissals (two PSEs) out of ~450 employees
Context
Why the plan was launched and who is affected
Sites affected
Pont-de-Claix and Jarrie (Isère, near Grenoble); Chloralp at Hauterives (Drôme).
Rationale & context
Collapse after shareholder PTT Global Chemical's cessation of payments (summer 2024), attributed by unions to unfair Chinese competition on isocyanates.
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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.
Chemical industries agreement (IDCC 0044). Absent a published PSE scale, the statutory/collective severance indemnity applies as a minimum.
Underlying formula · Collective indemnity by seniority; the legal minimum (1/4 month of salary per year up to 10 years, then 1/3 month beyond) is guaranteed.
Supra-legal top-up
The amount negotiated by unions ON TOP OF the legal and collective minimum. Often the largest part of the package.
Supra-legal bonus of €40,000 per dismissed employee, regardless of seniority (agreement signed 24/12/2024).
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 · Chemical industries agreement (IDCC 0044) — Managers: 3 months. Workers/technicians: 1 to 2 months by 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 | €40,000 | €40,000 |
| Estimated gross total | €44,375 | |
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
Receivership opened 10 September 2024 (Lyon commercial court) after shareholder PTT Global Chemical's cessation of payments. Two PSEs homologated (17 February and 16 April 2025). Partial takeover by BorsodChem/Wanhua (~30-50 jobs). Supra-legal bonus of €40,000 secured by agreement (24/12/2024).
- Receivership (10/09/2024) then partial sale and liquidation (2025).
- Two PSEs homologated: 17 February and 16 April 2025; 379 dismissals.
- Supra-legal bonus of €40,000 per employee + 25% bonus for securing installations.
- Partial takeover by BorsodChem/Wanhua (~30-50 jobs); workers' cooperative bid rejected.
- 52+ day strike; 'SOS Vencorex' mobilization and nationalization demand.
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.
📄 Sénat (question écrite, réponse gouvernementale) ; France Bleu/ICI Isère ; PlaceGrenet ; CGT · View source →