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
European Globalisation Fund (EGF)
Year: 2013, Case number: 09
130 jobs Number of planned job losses
Announcement Date
16 March 2010
Employment effect (start)
16 March 2010
Foreseen end date
31 December 2010
Description
Zachem, the producer of toulene diisocyanate, allyl chloride, polyurethane foam and other chemical products, is to cut 130 jobs in 2010. Another 70 jobs will be cut between 2011 and 2012. The spokesman of Zachem blamed the job cuts on the company's bad financial situation and the need to adjust the company's operations to market demands. As journalists point, however, the lay offs are due to the expiration of a pact with the trade unions that had prevented the company from eliminating jobs. The restructuring plan envisages, inter alia, to merge the company's different departments and adjust the number of employees to the levels of production.
Sources
16 March 2010: Gazeta Wyborcza ()
Citation
Eurofound (2010), Zachem, Internal restructuring in Poland, factsheet number 70504, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70504.
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