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 Food And Beverage Manufacture Of Food Products 10.89 - Manufacture of other food products n.e.c.
100 jobs Number of planned job losses
Announcement Date
30 March 2006
Employment effect (start)
1 April 2006
Foreseen end date
1 November 2006
Description
On 30 March 2006, DSM (chemicals) announced that it will close the aspartaan-factory (a joint-venture with the Japanese Tosoh-group (chemicals)) in Geleen on 1 November 2006. This is due to the worldwide overcapacity in aspartaan (an artificial sweetener) which resulted in a five year decline in prices. A spokesperson for DSM expects that for a large majority of the employees replacement jobs can be found.
Sources
31 March 2006: Het Financieele Dagblad
Citation
Eurofound (2006), Holland Sweetener Company, Closure in Netherlands, factsheet number 63285, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63285.
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