French energy company Total SA said on Thursday it plans to pump more than $600 million into two struggling refineries and cut 180 jobs. Photo: Reuters PARIS—French energy company Total SA said on Thursday it plans to pump more than $600 million into two struggling refineries and cut 180 jobs, in a sign of the coming pressures on European refiners. Total said it will invest about $428 million to upgrade its Donges refinery in western France and pour $214 million into transforming the La Mède refinery near Marseille into a biofuel plant. At La Mède, the company will cut staff to 250 from 430 through early retirements and transfers. The changes come at a moment of transition for European refiners who have experienced good times for the past several months after years of losses. Spain’s Repsol SA, Portugal’s Galp Energia and Italy’s Eni SpA have all reported strong […]