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
125 jobs Number of planned job losses
Announcement Date
8 July 2009
Employment effect (start)
1 January 2010
Foreseen end date
1 January 2010
Description
Croda International, a chemicals manufacturer based in Wilton, Teeside, will close its plant, leading to 125 job losses.
It announced that without the local supplier, Dow Chemical Company, its plant was no longer economically viable because no other UK plant produces ethylene oxide.
The Unite union warned the cuts at Dow could have a devastating effect by rippling across the industry, leading to further redundancies. The union identified Croda's supplier Dow as a strategic business for the UK as it provides a vital product to the chemical sector.
Sources
8 July 2009: BBC Website
Citation
Eurofound (2009), Croda International, Closure in United Kingdom, factsheet number 69271, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69271.
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