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It looks as if things are getting only worse for Petroplus, the Swiss oil refiner with its Petit Quevilly refinery near Rouen recently in the news. The group is now filing for bankruptcy which will affect jobs throughout Europe and not only France.

Petroplus has failed to reach agreement with creditors on extension of loan facilities and trading in shares in the group has been suspended yesterday.

Petroplus chief executive Jean-Paul Vettier said the company had been working very hard with its bankers to extend credit lines but had been unable to reach satisfactory closure. He said that the company was well aware of the potential impact on jobs and the families of employees in France, UK, Belgium and Germany as well as Switzerland.

European MPs have sought urgent meetings with the European commission to discuss the deteriorating situation.

See also:http://www.guide2normandy.com/news/307/Petroplus-Refinery-Rouen-latest

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