Vallourec to Cut Jobs in Europe, China, Brazil

YOUNGSTOWN, Ohio – Vallourec SA, the parent of pipe and tube manufacturer Vallourec Star, reports that it plans to cut more than 2,600 jobs and raise $1.08 billion in an effort to adjust to the slumping oil and gas market. However, Jean Gaetano, local spokeswoman for Vallourec Star, says the cuts won’t impact the operations here. “These initiatives mainly affect Vallourec operations in Europe, China and Brazil,” she wrote in an email response to The Business Journal. “There is no

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