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Strasbourg Court Approves Partial Novasco Sale, Leaving Three Plants to Liquidation

Ministers plan legal action against Greybull over unmet €90 million promises, with a focus on safeguarding the industrial land.

Overview

  • Judges validated the Métal Blanc-led offer that retains only the Leffrinckoucke site near Dunkirk, preserving about 144–145 jobs out of 696.
  • The Saint-Étienne, Custines and Hagondange plants are ordered toward liquidation, putting more than 500 positions at risk, with the transfer set to take effect on December 1 according to union sources.
  • The government says it will take civil and potential criminal action against Greybull, which pledged €90 million in 2024 but injected about €1.5 million, while the State fulfilled roughly €85 million.
  • An alternative proposal from Europlasma that covered more sites was rejected by the court process as insufficiently robust.
  • Workers have mounted protests and now seek improved severance terms as ministers rule out nationalization and aim to secure the sites and attract new industrial investors.