Maped, a well-known French manufacturer of school supplies, announced the closure of its last factory in France, situated in Argonay, Haute-Savoie. Established in 1947, the company cites "loss of competitiveness" against foreign competitors as the primary reason for this decision. The factory, which produces millions of erasers and compasses each year, will cease operations in May, putting 28 jobs at risk.

This closure marks a significant moment for Maped, which has operated in France for almost 80 years. The company has made various efforts over the years to adapt and sustain its operations at the Argonay site, but ultimately deemed this drastic step necessary for its survival and future growth within an increasingly competitive market. This reflects a broader trend affecting many traditional manufacturing sectors in France, as companies struggle to compete with lower-cost foreign production.

The implications of this decision extend beyond the immediate job losses, as it also highlights the challenges faced by local industries in France and raises concerns about the future of manufacturing in the country. With a history entwined in French education, the closure of this factory symbolizes a shift that could alter the landscape of the school supplies market, as well as the economic fabric of the region where it has operated for generations.