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 20.3 - Manufacture Of Paints, Varnishes And Similar Coatings, Printing Ink And Mastics
No information on job gains number available
Announcement Date
23 March 2017
Employment effect (start)
1 April 2017
Foreseen end date
1 December 2017
Description
Vivachrom, which is part of Akzo Nobel group (Netherlands), is Greece's largest producer of paints. The company has decided to transfer its polish production from Marshal (Turkey) back to its Greek facility, significantly investing in the country. The relocation, announced by Vivachrom's CEO Makis Provatas, will be completed by the end of 2017. It will boost employment by 15% at the Greek warehouse.
Eurofound (2017), Vivechrom, Reshoring in Greece, factsheet number 127, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/127.
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