In Toulouse, the judicial liquidation of the Fibre Excellence paper pulp factory is definitively confirmed; 300 employees will be laid off

The Toulouse commercial court declared the cessation of operations at Fibre Excellence's paper mill in Saint-Gaudens due to a lack of recovery offers. The company, which has been in judicial liquidation since July, will lay off all 300 employees. Despite efforts for a revival project involving a Portuguese group and the Occitanie region, no formal offer was made by the deadline. The company faced profitability issues, exacerbated by rising wood prices, leading to its judicial recovery request in April. The remaining employees will receive professional security contracts for a year to maintain workforce availability for potential future operations.