This photograph shows the logo of Fibre Excellence at the entrance of the industrial site in Tarascon, south-eastern France on April 14, 2026, as two sites in Tarascon and Saint-Gaudens face closure. The Fibre Excellence Group, a pulp paper producer, has announced that it will declare itself insolvent, but "remains convinced that a solution is still possible" for its future, based on progress made in discussions with the state. (Photo by Thibaud MORITZ / AFP via Getty Images)

Workers gather at the the industrial site of Fibre Excellence Group in Tarascon, south-eastern France on April 14, 2026, as two Fibre Excellence Group' sites in Tarascon and Saint-Gaudens face closure. The Fibre Excellence Group, a pulp paper producer, has announced on April 13, 2026 that it will declare itself insolvent, but "remains convinced that a solution is still possible" for its future, based on progress made in discussions with the state. (Photo by Thibaud MORITZ / AFP via Getty Images)

Workers gather at the the industrial site of Fibre Excellence Group in Tarascon, south-eastern France on April 14, 2026, as two Fibre Excellence Group' sites in Tarascon and Saint-Gaudens face closure. The Fibre Excellence Group, a pulp paper producer, has announced on April 13, 2026 that it will declare itself insolvent, but "remains convinced that a solution is still possible" for its future, based on progress made in discussions with the state. (Photo by Thibaud MORITZ / AFP via Getty Images)

Employees walk past the entrance of the industrial site of Fibre Excellence Group in Tarascon, south-eastern France on April 14, 2026, as two Fibre Excellence Group' sites in Tarascon and Saint-Gaudens face closure. The Fibre Excellence Group, a pulp paper producer, has announced on April 13, 2026 that it will declare itself insolvent, but "remains convinced that a solution is still possible" for its future, based on progress made in discussions with the state. (Photo by Thibaud MORITZ / AFP via Getty Images)

Workers gather at the the industrial site of Fibre Excellence Group in Tarascon, south-eastern France on April 14, 2026, as two Fibre Excellence Group' sites in Tarascon and Saint-Gaudens face closure. The Fibre Excellence Group, a pulp paper producer, has announced on April 13, 2026 that it will declare itself insolvent, but "remains convinced that a solution is still possible" for its future, based on progress made in discussions with the state. (Photo by Thibaud MORITZ / AFP via Getty Images)

Workers gather at the the industrial site of Fibre Excellence Group in Tarascon, south-eastern France on April 14, 2026, as two Fibre Excellence Group' sites in Tarascon and Saint-Gaudens face closure. The Fibre Excellence Group, a pulp paper producer, has announced on April 13, 2026 that it will declare itself insolvent, but "remains convinced that a solution is still possible" for its future, based on progress made in discussions with the state. (Photo by Thibaud MORITZ / AFP via Getty Images)

A worker pulls down the shutter of his metal workshop in Mumbai on April 14, 2026. (Photo by Punit PARANJPE / AFP via Getty Images)

Workers stand outside a metal pipes storage facility in Mumbai on April 14, 2026. (Photo by Punit PARANJPE / AFP via Getty Images)