You don't have permission to access the page you requested What is this page?The website you are visiting is protected.For security reasons this page cannot be displayed Welcome to portstrategy.com. This site uses cookies. Read our policy webinars and articles on innovations and current trends in the ports and terminals industry Alternatively REGISTER for website access and sign up for email alerts By 2022-01-10T09:40:00 Contargo will operate the container terminal in Valenciennes for a further 15 years Want to read more before deciding on a subscription It only takes a minute to sign up for a free account and you’ll get to enjoy: Get more free content sign up today Ready to subscribe? Choose from one of our subscription packages for unlimited access Site powered by Webvision Cloud Tuesday World Subscribers only In Zurich the leaf blower war or the anti-'woke' backlash World Subscribers only Germany's Friedrich Merz is embracing pragmatism World Subscribers only Trump-Carney meeting: Canada seeks reconciliation World Subscribers only Friedrich Merz bets on two private sector converts to revive the German economy and reform the state World Subscribers only Founder of Sant'Egidio community fears next pope could undo Francis's legacy Opinion Subscribers only 'Russian gas and Europe is an old story that ended badly Economy Subscribers only Europe's steel industry flattened by crisis World Subscribers only How European countries plan to fund defense efforts France Subscribers only Macron announces citizens' convention on school schedules France Subscribers only 21 charged over French prison attacks as investigation narrows in on drug traffickers France Subscribers only French mosque stabber was driven by 'morbid fascination,' prosecutor says France Subscribers only At the trial of Kim Kardashian's robbers Videos World expos: From Paris 1855 to Osaka 2025 Videos How the Trump administration is attacking scientific research in the US Videos Tesla cars set on fire in Las Vegas as calls to boycott Musk's company grow worldwide Videos Can France's nuclear deterrent protect Europe Opinion Subscribers only 'The American dream is dying' Opinion Subscribers only John Bolton: 'The term chaos is commonly used to describe the top of the Defense Department' Opinion Subscribers only 'It is pointless to imagine a significant wave of American academics leaving' Magazine Subscribers only Tracking down the pianos taken from French Jews during the Nazi Occupation Magazine Subscribers only Eve Rodsky the American helping couples balance the mental load Magazine Subscribers only Desecration or more glory Joan Didion's private diaries are revealed Magazine Subscribers only For Jewish cartoonist Joann Sfar 2025."> Pixels Subscribers only Golden Owl solution is revealed but leaves players of 31-year hunt disappointed Pixels Subscribers only Secrets of decades-long Golden Owl treasure hunt to be revealed Lifestyle Inside Chanel's French leather workshops Culture Subscribers only The marvelous bronzes of Angkor on display at the Musée Guimet in Paris The manufacturer of tubes for the energy industry is cutting 2,950 jobs By Jean-Michel Bezat Elisabeth Borne would probably have preferred another announcement two days after her appointment as the new French prime minister a manufacturer of seamless tubes for the energy industry at the presentation of its first quarter results that it is eliminating 2,950 jobs worldwide with 65 at the Meudon (Hauts-de-Seine) headquarters; 104 at its Saint-Saulve (Nord) plant which will close; and under 100 at Aulnoye-Aymeries which will keep its two plants and become the group's global R&D center The remaining French layoffs are at the Valenciennes service center which is 41% owned by the American Apollo and SVPGlobal funds believes that the loss of liquidity had become unacceptable and was threatening its survival The cuts will be spread over 2022-2023 and the restructuring will increase the gross operating surplus of 230 million euros per year which will make it "stronger and more efficient." It had been losing 100 million euros EBITDA (earnings before interest depreciation and amortization) a year for the past seven years in Germany and soaring energy costs made any prospect of recovery unlikely While the unions acknowledge that they had expected this plan the announcement did not lessen the anger of the employees who have been impacted by five redundancy plans in 10 years and have decided to fight for the best possible compensation "Vallourec has had public money to make investments in Brazil and China and it is France that suffers," Michaël Tison representative for the CFDT union at Saint-Saulve where 350 jobs had already been lost in February 2021 out of a total of 1,000 job cuts worldwide take early retirement or be reassigned internally Guillemot said that the others will benefit from "support," but didn't specify the terms or the financial scope In the absence of a credible takeover by the employees of the site put up for sale in November 2,135 jobs will be cut and operations transferred to Brazil Saint-Saulve no longer had any industrial purpose since it provides finishing for products from across the Rhine You have 43.71% of this article left to read Lecture du Monde en cours sur un autre appareil Vous pouvez lire Le Monde sur un seul appareil à la fois Ce message s’affichera sur l’autre appareil Parce qu’une autre personne (ou vous) est en train de lire Le Monde avec ce compte sur un autre appareil Vous ne pouvez lire Le Monde que sur un seul appareil à la fois (ordinateur En cliquant sur « Continuer à lire ici » et en vous assurant que vous êtes la seule personne à consulter Le Monde avec ce compte Que se passera-t-il si vous continuez à lire ici Ce dernier restera connecté avec ce compte Vous pouvez vous connecter avec votre compte sur autant d’appareils que vous le souhaitez mais en les utilisant à des moments différents Nous vous conseillons de modifier votre mot de passe Votre abonnement n’autorise pas la lecture de cet article merci de contacter notre service commercial Industry [1] Vertical effects are studied when the transaction brings together players at different levels of the value chain (for example a producer who buys a distributor or vice versa): does the operation make it more difficult to access markets where the new entity is active for competitors Can the operation allow the entity to oust competitors or penalize them by increasing their costs?