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
152 jobs Number of planned job losses
Announcement Date
3 February 2015
Employment effect (start)
1 April 2015
Foreseen end date
30 September 2015
Description
Eastman Chemical Company, a chemical manufacturer based in Workington, Cumbria, is reported to have begun a formal consultation into the possible closure of the business. The move means that 152 jobs are affected. The company has stressed that the decision is not a reflection on the performance of staff, rather that there is low demand for the products made by the company and that operating costs for the site are high. The GMB union has called for the company to seek alternatives to a total closure.
It was confirmed in March 2015 via the company website that the site would cease production in April 2015, and that the site would be closed during the third quarter of the year.
Sources
3 February 2015: BBC
25 March 2015: Company press release
Citation
Eurofound (2015), Eastman Chemical Company, Closure in United Kingdom, factsheet number 78544, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78544.
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