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 20.1 - Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms
450 jobs Number of planned job losses
Announcement Date
18 January 2013
Employment effect (start)
18 January 2013
Foreseen end date
Description
All 450 jobs at Thermphos, the only remaining producer of phosphor in Europe, will be lost due to bankruptcy. While the bankruptcy had been declared in November 2012, it became clear now that no buyer could be found.
It is reported that reasons of the bankruptcy are the large increase in phosphor imports from Kazakhstan and concerns about the environmental impact of the plant.
Sources
29 October 2012: Het Financieele Dagblad
22 November 2012: De Volkskrant
22 November 2012: Het Financieele Dagblad
18 January 2013: NRC Handelsblad
Citation
Eurofound (2013), Thermphos, Bankruptcy in Netherlands, factsheet number 74782, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74782.
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