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"We No Longer Have Our Destiny in Our Hands", the Bitterness of Fibre Excellence's Employees After the Rejection of Any New Investment by the Shareholder
4 Articles
4 Articles
This is a new blow for Fibre Excellence's employees in Saint-Gaudens. In a letter addressed to the Minister of Industry, the shareholder refused this Friday, April 17, 2026 any new financing to save the company. Reactions did not wait.
Despite the unconditional support of Carole Delga and the French government, the majority shareholder does not want to go any further. The company, which has declared itself at the end of payment, will meet before the commercial court of Toulouse on Tuesday. The intersyndicale asks for a guardianship of the state to save the last pulp manufacturer in the country. This article Fibre Excellence : L'actionnaire throws sponge, 700 jobs directly thre…
Despite a major boost from the state and a possible entry into the capital of the Occitanie region, the shareholders of the last French manufacturer of merchant paper pulp no longer want to finance the group, endangering two factories in Haute-Garonne and Bouches-du-Rhône.
Waiting for several days, the decision of the shareholder of the Fibre Excellence group has fallen, in writing, addressed to the minister delegated to Industry, Sébastien Martin. The intersyndicale echoes this in a press release. "He will not put another penny in the group and the CEO France has just confirmed to us that it was finished with the shareholder". "There is an urgent need, continue the trade union delegates, a solution must be found …
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