In the face of this unprecedented situation, Vallourec Group is fully dedicated to maintain its service commitments. II – ADAPTATION MEASURES TO FACE THE CURRENT STRONG MARKET DOWNTURN Strong adaptation measures immediately launched and additional gross savings The Group decided to immediately implement strong adaptation measures by adjusting variable costs and working hours to the activity in each geography. In North America, a workforce reduction of more than 1/3 (more than 900 positions) across all plants as well as support functions has been decided and will be mostly effective in May 2020.