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 pharmaceuticals Manufacture of chemicals and chemical products 20 - Manufacture of chemicals and chemical products
160 jobs Number of planned job losses
Announcement Date
18 April 2013
Employment effect (start)
19 April 2013
Foreseen end date
31 December 2013
Description
Chemical manufacturer Saudi Basic Industries (SABIC) - UK has announced that it is to cut 110 jobs from its plant in Teesside. Additionally, the company is to cut 50 contract and agency workers. The company has said that the move follows a general downturn in sales and follows similar moves by the organisations' competitors. Whilst job losses are expected to be imminent no date was given for when they are expected to be completed. This restructuring is part of a larger cost saving plan recently announced (see SABIC- EU2013).
Sources
18 April 2013: BBC News
Citation
Eurofound (2013), Saudi Basic Industries - UK, Internal restructuring in United Kingdom, factsheet number 75295, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75295.
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