Clariant

Type
Internal restructuring
Country
Germany
Region
Rheinland-Pfalz; Koblenz; Rhein-Lahn-Kreis
Location of affected unit(s)
Sulzbach
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20 - Manufacture of chemicals and chemical products
20 - Manufacture of chemicals and chemical products
177 jobs
Number of planned job losses
Job loss
Announcement Date
21 November 2005
Employment effect (start)
1 January 2006
Foreseen end date
31 December 2006

Description

Clariant, a Swiss producer of chemicals, has embarked on a cost-cutting-programme that will lead to savings of €30 million per year. It will also cost 177 jobs in Sulzbach. 87 employees will go into early retirement, 51 jobs will be cut through fluctuation and 29 employees will be given new jobs at other Clariant-factories. 10 employees on temporary contracts will not get a prolongation. Agressive price competition by Asian suppliers was cited as the reason for Clariant's cost-cutting.

Sources

Citation

Eurofound (2005), Clariant, Internal restructuring in Germany, factsheet number 62555, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62555.