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
527 jobs Number of planned job losses
Announcement Date
1 December 2014
Employment effect (start)
1 December 2014
Foreseen end date
Description
Chemical company Huntsman is to cut 527 out of 1,144 jobs at its German subsidy Sachtleben. The reduction will affect both plants in Homberg and Uerdingen with 353 and 174 staff.
US-company Huntsman has acquired Sachtleben two months ago in October 2014. The works council was shocked by the announcement and wants to negotiate the extent of the job reduction. Huntsman is a worldwide operating chemical company employing around 12,000 people.
Sources
1 December 2014: Westfälisch-Allgemeine Zeitung Online
Citation
Eurofound (2014), Sachtleben, Merger/Acquisition in Germany, factsheet number 77960, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77960.
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