In a challenging economic environment, Total is continuing to work to secure the future. As part of its efforts to do so, upgrading of its industrial base remains a priority. The Group has therefore planned to invest more than 1 B€ in refining, petrochemicals and solar energy in France.

The planned investments will create an average of over 1,000 jobs a year between 2009 and 2011, which will have a significant impact on economic activity and employment of the regions concerned.

Total is also pursuing its growth in solar energy and, in partnership with GDF Suez, it plans to build a plant in the Carling region in eastern France to manufacture silicon wafers for the photovoltaic industry. The initial investment for the plant, which will employ approximately 100 people, is estimated at 70 M€.

The Refining & Marketing division and Total Petrochemicals France plans were submitted to the Central Works Councils concerned today.

No layoffs are planned. Over a period of more than three years ending in mid-2013, the workforce will be gradually rescaled, by 555 positions, through internal placement, retirements, a dedicated early retirement plan, and the introduction of a furlough system.

Tags: Total