France: The French High Court has decided to block Lafarge's project to close its plant in Frangey, northern France, until 25 November 2012. The Frangey facility employs 74 workers and had previously been slated for closure in 2012.
The planned closure is part of a much larger restructuring plan at the building materials' giant, which was also annulled by the High Court. However, the court said that the fundamental economic case behind closing the Frangey plant was valid. The group had explained that its decision to shut down the plant was due to overcapacity and high production costs.
The management of Lafarge will now propose a new restructuring plan to the staff representatives starting from November 2012.
