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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.19 - Manufacture of other rubber products
300 jobs Number of planned job losses
Announcement Date
18 September 2013
Employment effect (start)
19 September 2013
Foreseen end date
31 December 2015
Description
As announced on 18 September 2013, chemical company Lanxess will cut 300 jobs in Germany until the end of 2015. This is due to a temporary drop in demand.
Worldwide, Lanxess will cut 1,000 jobs. This is part of the company’s “Advance” programme. Lanxess aims to avoid forced redundancies and announced talks with workers' representatives. As an additional measure, variable compensation will be shortened. Worldwide, Lanxess employs 17,500 people, about 8,000 of them in Germany.
Sources
18 September 2013: Lanxess (Press Release)
18 September 2013: Handelsblatt
19 September 2013: Handelsblatt
19 September 2013: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2013), Lanxess, Internal restructuring in Germany, factsheet number 75885, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75885.
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