Overview

• An extraordinary works council meeting on October 13 confirmed that Papeteries de Condat is formally seeking a new owner before the end of the year.
• New president Dominique Bernard, appointed to lead the sale, told union representatives he was tasked by the shareholder to find a buyer by December 31, 2025 and is in contact with five to ten potential candidates.
• The CGT union is preparing an alternative proposal to head off a possible bankruptcy filing and has scheduled a Thursday press briefing to outline next steps.
• The mill, owned by Spain’s Lecta group, has been operating far below capacity after closing one of its two lines and cutting 177 jobs in 2023; it now runs roughly 20 days per month and employs about 202 people.
• Regional leaders have criticized Lecta for failing to repay a €19 million zero‑interest public loan, adding political pressure as employees and local officials rally around the site.