Workers worried over Petroplus oil plants

Workers and government officials raised concern on Thursday over the future of five oil refineries owned by Swiss firm Petroplus, currently seeking to restore $1 billion in frozen credit lines.

Some fear the company, Europe’s largest independent oil refiner, may close one of its plants as it struggles to secure funds to maintain its operations.

The spotlight has fallen on Petit-Couronne in Normandy, France, and Switzerland’s Cressier refinery in the Neuchatel canton, reportedly the least profitable in the last quarter.

The French goverment has assured French unions that it is pulling out all the stops to assist Petroplus during its ongoing talks with lenders.

Yves Scornet of the CGT said on Thursday that workers feared any partial restoring of credit would see funds channelled to the Coryton refinery in England and the Petroplus plant in Ingolstadt, Germany.

Scornet added however: “The government has assured us that there will be no solution that does not include the French refinery.”

Neuchatel authorities said they were in daily contact with management at the Cressier refinery where 250 people are employed.

“The situation is serious, but not catastrophic,” the region’s economy minister Thierry Grosjean told the ATS news agency.

Grosjean said the most likely scenario was that Petroplus would close one of its refineries, but not necessarily Cressier.

The refinery may be spared due to its small size, treating about 68,000 barrels a day, and it is one of only two refineries in Switzerland, the official said.

Current stocks will last for about three weeks, he added, with all sides determined to find a solution.

The Cressier refinery, opened by Shell in 1966 and run by Petroplus since 2000, produces about a quarter of the total refined products sold in Switzerland.

Petroplus announced on Tuesday that its lenders had frozen $1 billion in uncommitted credit lines — funds it said were “critical” for it to continue its operations.

The news sent shares on the Swiss market tumbling and on Thursday credit ratings agencies Standard and Poor’s and Moody’s slashed the firm’s rating, indicating it was vulnerable to default.

Petroplus Holdings AG is headquartered in the city of Zug near Zurich and headed by Frenchman Jean-Paul Vettier.

The company had discussed with lenders options to “reduce their risk”, spokesman Fredrik Olsson said following the announcement, but a request for more time was not granted.

Petroplus has not issued any statements since and could not be contacted for comment.

The group, which employs 2,500 people, indicated at the beginning of December that it faced increasing liquidity problems.

Its five refineries, which include the Antwerp plant in Belgium, have a combined capacity of about 667,000 barrels a day.

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Hear ye, here ye! This Swiss city is looking for a town crier

Can you carry a tune? Are you a night owl? If so, this job posting in Switzerland may be up right up your (cobblestone) alley. Here’s how you can submit an application for this… very high position.

Hear ye, here ye! This Swiss city is looking for a town crier
The hat and coat are optional for the job. Photo by Lausanne Tourisme

As far as unusual employment opportunities go, this one from Lausanne is — quite literally — tops.

The city, which employs one of Europe’s last remaining town criers, is looking for people to fill this position on part-time basis.

What’s a town crier?

In Lausanne’s case, it is a person who announces the hours every night between 10 pm and 2 am from the bell tower of the city’s imposing Gothic cathedral, a landmark overlooking the roofs of the picturesque Old Town.

The workplace: Lausanne Cathedral. Photo by Lausanne Tourisme

The person who will assume this position will continue a tradition that this city in the canton of Vaud has cherished since 1405.

These are the requirements for the job:

  • To watch over the city each night
  • Announce each hour on the hour between 10pm and 2am in a melodious voice (in French, but knowledge of foreign languages is a plus)
  • Be able to climb 53 stone steps to the cathedral’s bell tower
  • Not have a criminal record
  • No falling asleep on the job
  • Have a business apprenticeship certificate (we are not sure why)

This is 365-days-a-year job, but the new hire will share the position with other criers.

Interested? This is how you can apply.