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
130 jobs Number of planned job losses
Announcement Date
4 November 2013
Employment effect (start)
4 November 2013
Foreseen end date
30 June 2014
Description
Chemicals company Sasol Solvents is to cut 130 jobs in Germany by the second quarter of 2014.
This is due to the ceasing of isopropanol and ethanol production that has become less profitable with rising costs and increased market competition.
The company is based in South Africa. Currently, Sasol employs 148 employees in Herne, of which 18 jobs will remain. A restructuring initiative had been announced as of August 2013 after the company had found no buyer for the Herne site.
Sources
4 November 2013: Der Westen (online)
Citation
Eurofound (2013), Sasol, Internal restructuring in Germany, factsheet number 76160, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76160.
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