Hutchinson

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
France, Germany, Spain, Italy, Poland, Romania, Czechia, United Kingdom
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22.1 - Manufacture of rubber products
22.12 - Manufacture of other rubber products
3,000 jobs
Number of planned job losses
Job loss
Announcement Date
5 June 2020
Employment effect (start)
1 July 2020
Foreseen end date
31 December 2020

Description

The Hutchinson group, a subsidiary of Total, which manufactures and markets products derived from rubber processing, has announced the loss of 3,000 jobs worldwide, including between 800 and 1,000 in France. Worldwide, the group employs around 40,000 people. The reorganisation affects 3,000 employees and 6,000 temporary workers. The company's main customers include the automotive and aerospace industries, both of which have been hard hit by the COVID containment measures over recent months. 

Sources

Citation

Eurofound (2020), Hutchinson, Internal restructuring in World, factsheet number 100810, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100810.