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
177 jobs Number of planned job losses
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.
Eurofound (2005), Clariant, Internal restructuring in Germany, factsheet number 62555, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62555.
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