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 Coke And Refined Petroleum Products Manufacture Of Coke And Refined Petroleum Products 19 - Manufacture of coke and refined petroleum products
200 jobs Number of planned job losses
Announcement Date
21 February 2005
Employment effect (start)
21 February 2005
Foreseen end date
31 December 2008
Description
Sabic EuroPetrochemicals plans to cut 150 jobs at its site in Gelsenkirchen, Germany in 2005 and 2006. A further 50 jobs will be lost in 2008. All affected workers will have the option of relocation within the company or may benefit from early retirement measures. Sabic is cutting jobs and investing €30 million in the site to increase its competitiveness and expansion possibilities in Germany.
Sources
21 February 2005: European Chemical News
Citation
Eurofound (2005), Sabic EuroPetrochemicals, Internal restructuring in Germany, factsheet number 61190, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61190.
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