The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
600 jobs Number of planned job losses
Announcement Date
1 July 2004
Employment effect (start)
1 July 2004
Foreseen end date
31 December 2006
Description
Akzo Nobel Car Refinishes has announced a major restructuring plan in order to improve its performance. The focus will be on realigning the business with changing market conditions. The proposed measures, which will be carried out during 2004-2006, involve the reduction of an equivalent of approximately 600 full-time jobs (10% of the global workforce). Most regions of the world will be affected. Discussions with all relevant parties about the restructuring plans have started. Akzo Nobel Car Refinishes intends to limit compulsory redundancies as much as possible.
Sources
1 July 2004: De Financiële Telegraaf
Citation
Eurofound (2004), Car Refinishes, Internal restructuring in World, factsheet number 60545, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60545.
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