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 20.4 - Manufacture of soap and detergents, cleaning and polishing preparations, perfumes and toilet preparations
3,000 jobs Number of planned job losses
Announcement Date
26 November 2004
Employment effect (start)
Foreseen end date
31 December 2006
Description
Following the recent acquisitions of Sovereign Specialty Chemicals and Dial, the German manufacturer of soap and detergents Henkel is planning to reduce its number of employees by 6% (with a total loss of 3,000 jobs). The job cuts will mostly affect Europe and the USA. The restructuring programme is expected to be concluded by 2006. Henkel has already cut off 3,000 jobs since 2001.
Sources
26 November 2004: Les Echos
Citation
Eurofound (2004), Henkel, Merger/Acquisition in World, factsheet number 60824, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60824.
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