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
200 jobs Number of planned job losses
Announcement Date
29 February 2024
Employment effect (start)
1 March 2024
Foreseen end date
Description
Celanese, an American multinational focused on the production of chemical products has announced it will be closing its facility in Mechelen therefore 220 jobs are at risk. The company has acquired the facility relatively recently, in 2022. However, soon after the acquisition the company management decided that keeping the facility open was not a viable option, leading to the decision to close the plant. The site management states that making the site profitable again would require significant investments, as it is not up to modern standards in terms of automation and digitalisation. In addition, wage cost is also a factor that was taken into account, as well as uncertainty regarding certain environmental permitions.
Eurofound (2024), Celanese, Closure in Belgium, factsheet number 200998, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200998.
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