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Management Side
French Crèvecoeur Security Paper Mill Down
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Boulogne Billancourt , France 31 January 2019 -- France's only mill for banknote and other security papers Crèvecoeur will be liquidated. The workforce has now gone on strike and is exerting pressure by burning paper.

Employees at the former Arjowiggins mill Crèvecoeur in France, which is planned to be liquidated at the end of this month, are on strike and have caused a production stop. According to French CGT trade union, production at the site, which is owned by Blue Motion Technologies Holding, has been standing still since 16 January. The union further said that the mill's staff had now begun to burn the precious paper stocks of the security paper mill to call the government's attention to their situation.

The Crèvecoeur mill produces security paper such as banknote paper or papers for passports and vehicle registration certificates. According to the trade union, the workforce is demanding a fair social plan and higher severance payments.

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