A pedestrian walks as employees of the Fibre Excellence paper plant gather outside the factory to block the entrance, day and night, awaiting state safeguard measures to save the company in Saint Gaudens, south-western France on July 22, 2026. The takeover bid submitted by financier Matthieu Pigasse for the paper group Fibre Excellence, which is in judicial reorganisation, "is not up to par," France's Economy Minister said on July 21, 2026 during question time in the National Assembly. A financier known for his left-wing leanings, Mr. Pigasse filed a last-minute offer in early July with the commercial court to take over the paper group and its 660 employees. This offer is being made through his holding company, in partnership in particular with two funds managed by the Occitanie and Provence-Alpes-Côte d'Azur regions. (Photo by Lionel BONAVENTURE / AFP via Getty Images)

An employee wearing a CGT union vest walks past a banner reading "Is Macron (France's President) going to kill 10000 jobs" as employees of the Fibre Excellence paper plant gather outside the factory to block the entrance, day and night, awaiting state safeguard measures to save the company in Saint Gaudens, south-western France on July 22, 2026. The takeover bid submitted by financier Matthieu Pigasse for the paper group Fibre Excellence, which is in judicial reorganisation, "is not up to par," France's Economy Minister said on July 21, 2026 during question time in the National Assembly. A financier known for his left-wing leanings, Mr. Pigasse filed a last-minute offer in early July with the commercial court to take over the paper group and its 660 employees. This offer is being made through his holding company, in partnership in particular with two funds managed by the Occitanie and Provence-Alpes-Côte d'Azur regions. (Photo by Lionel BONAVENTURE / AFP via Getty Images)

France's Environment Minister Monique Barbut (C), flanked by France's Economy, Finances and Industry Minister Roland Lescure (L) and France's Overseas Minister Naima Moutchou (R), leaves after the weekly cabinet meeting at the Elysee Palace in Paris on July 22, 2026. (Photo by Dimitar DILKOFF / AFP via Getty Images)

France's Environment Minister Monique Barbut (C), flanked by France's Economy, Finances and Industry Minister Roland Lescure (L) and France's Overseas Minister Naima Moutchou (R), leaves after the weekly cabinet meeting at the Elysee Palace in Paris on July 22, 2026. (Photo by Dimitar DILKOFF / AFP via Getty Images)

Various artifacts, including an 18th-19th century stoneware bottle (top C), an engraved tombstone fragment (top 2nd R), Dutch colonial and modern Indonesian coins (bottom R), bullets (bottom C), and Chinese ceramic fragments (bottom L), are displayed after being discovered during the phase 2 MRT (Mass Rapid Transit) excavation in Jakarta on July 22, 2026. (Photo by BAY ISMOYO / AFP via Getty Images)

A construction worker completes his work in the phase 2 MRT (Mass Rapid Transit) underground tunnel in Jakarta on July 22, 2026. (Photo by BAY ISMOYO / AFP via Getty Images)

Shards of a 19th-century European porcelain plate with a red landscape pattern (L), and a 19th-20th century porcelain doll leg (C), are displayed after being discovered during the phase 2 MRT (Mass Rapid Transit) tunnel excavation in Jakarta on July 22, 2026. (Photo by BAY ISMOYO / AFP via Getty Images)

Construction workers complete their work in the phase 2 MRT (Mass Rapid Transit) underground tunnel in Jakarta on July 22, 2026. (Photo by BAY ISMOYO / AFP via Getty Images)