Total (NYSE:TOT) has inaugurated its revamped Carling – Saint-Avold petrochemical complex in eastern France following three years of transformation works.
The French supermajor announced back in September 2013 plans to adapt the Carling site.
Close to €200 million was invested to upgrade existing facilities and build new, higher value-added units to improve the site’s competitiveness.
Total say the complex is now a leading polymer production site in Europe.
Patrick Pouyanné, chairman and chief executive officer of Total, said: “The complex has transitioned from a site producing commodities facing intense competition to a high value site aligned with market demand.
“In 2013, the group pledged to an ambitious adaptation plan for Carling, thereby securing the future of all those concerned.
“I would like to thank the teams that made this model evolution possible. I am proud to say that Total has fulfilled its pledge.”
The adaptation of the Carling – Saint-Avold complex did not involve layoffs or compulsory staff transfers. Each employee was offered a personalized plan, such as transfers to other positions within the Group, retirement or assistance to create their own businesses.