Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Coronavirus
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
    • Japan's lacklustre PU production continued in November 2020
      PU prevents freezing damage to railway tunnels
      Huafon estimates 2020 profit will be up to 40% higher than 2019
      Construction starts for Jason Furniture plants in China and Vietnam
    • World automotive registrations recover in H2 2020
      Mlily to increase US market share following anti-dumping duties
      US footwear imports up 25% in November 2020
      Introducing UTECH Southeast Asia 2022
    • EC approves Kingspan's TeraSteel and Wetterbest purchases
      BTC Europe to distribute BASF’s polyurethane ingredients
      World automotive registrations recover in H2 2020
      Bosnian producer to invest in new PU panel factory
    • PPG buys polyurea company Versaflex
      Recticel buys FoamPartner
      Recticel upgrades Q3 outlook despite raw material tightness
      Covestro broadens PU portfolio with DSM purchase
    • Huafon estimates 2020 profit will be up to 40% higher than 2019
      Mlily to increase US market share following anti-dumping duties
      Stellar Q4 performance saves Wanhua 2020 earnings
      2020 proved fruitful for Vitafoam Nigeria
    • World automotive registrations recover in H2 2020
      Car sales down 25% in Western Europe in 2020
      Patchy coronavirus effects hit global car sales in November
      November continues fall in Western Europe's car sales
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
    • China’s PU industry on the path to recovery; plans for technology upgrades
      Chinese cold chains grow bigger
      Flexible foam rises to challenges in the Middle East and Africa
      Life at the cross-roads: what does the GCC offer PU?
    • Europe's flexible foam makers face rising prices as outages hit markets
      Western European car registrations rebound slowed in September
      Western European car registrations regained some ground in August
      Western European Car registrations rebound continued in July
    • Take out the VOC with hybrid release agents
      Batteries give pultrusions power
      Seeing a way through VOC and FOG
      Aromatic polyols for simpler rigid PU formulations
    • Hennecke and Frimo: an automotive partnership
      Pushing ahead: AutoRIM drives KM’s UK growth
      BASF opens it first ‘Creation Center’ in Mumbai with a PU twist
      Persistence pays off for CTM
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
April 23, 2013 12:00 AM

Sabic Europe to cut 1050 jobs

Louise McHenry
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    By PRW Staff

    London - Raw materials producer Sabic is to cut 1050 jobs across its European operation, including 110 positions in the UK, as part of a restructuring programme.

    The company, which currently employs 6200 people in the region, said that with the exception of its technology and innovation department - seen as an important growth area - areas of the business affected would include manufacturing and production operations, as well as administrative functions.

    Plant closures involving "certain assets" would also result, the group said. Most of the UK job losses would be at the company's facility on Teeside, it added.

    Sabic said talks were underway with trade unions and works councils and it hoped to have finalised an agreement with these groups by the commencement of the summer holidays.

    A spokeswoman said the restructuring would be implemented "as soon as possible" and should be completed by the first quarter next year.

    Commenting on the changes, Koos van Haasteren, Sabic Europe's vice president, said the industry faced slow growth, "as consumers' spending on houses, cars and appliances and investments in infrastructure projects are down. These developments have led to structurally reduced demand and squeezed margins.

    "At the same time, competition has intensified from other regions, especially from the US, which has the advantage of shale gas development, and Asia, which has increased local production capacity and consumption.

    Van Haasteren said that once the restructuring process has been completed he was confident Sabic would be in "an even stronger position to meet customer needs, support its employees and contribute to the communities and environments within which we operate.

    "We remain committed to building a company that provides our employees the opportunity to grow and develop."

    This story first appeared on our sister publication, PRW

    Recommended for You
    Japan's lacklustre PU production continued in November 2020
    Japan's lacklustre PU production continued in November 2020
    EC approves Kingspan's TeraSteel and Wetterbest purchases
    EC approves Kingspan's TeraSteel and Wetterbest purchases
    PU prevents freezing damage to railway tunnels
    PU prevents freezing damage to railway tunnels
    Latest Issue
    Click HERE for Free Download
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Office 127,
    61, Willow Walk,
    London
    SE1 5SF
    E-mail us
    +44 (0) 203 287 5979

    Customer Service:
    +1 313 446 0450

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • Coronavirus
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
    • Advertise
    • Contact Us
    • Issues
    • Subscribe