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
354 jobs Number of planned job losses
Announcement Date
23 March 2009
Employment effect (start)
23 June 2009
Foreseen end date
23 October 2009
Description
Acetex Chimie, a part of US-based chemical grup Celanese, is to close its site in Pardies within 3-7 months, with a consequent loss of 354 jobs. The company blames this decision on weak demand, overcapacity and high costs related to operating the site.
Celanese acquired the Pardies plant in July 2005. The plant specializes in production of acetic acid and vinyl acetate monomer. It registered an operating loss of $14 M in the fourth quarter of 2008, with sales falling 50% year on year.
Sources
24 March 2009: Le Monde
Citation
Eurofound (2009), Acetex, Closure in France, factsheet number 68980, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68980.
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