Clariant

Type
Closure
Country
European Union
Region
Location of affected unit(s)
Romania, Germany
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20.1 - Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms
20.14 - Manufacture of other organic basic chemicals
170 jobs
Number of planned job losses
Job loss
Announcement Date
6 December 2023
Employment effect (start)
31 December 2023
Foreseen end date

Description

Clariant, a Swiss specialty chemicals company, announced 170 job cuts following the closure of its bioethanol plant in Romania, and the downsizing of its biofuels and derivatives operations in Germany. The restructuring affects 120 jobs in Romania and 50 jobs in Germany.

In Romania, the restructuring is driven by technical problems at the Podari plant, which prevented it from reaching full production capacity and made the operation economically unsustainable. Clariant reported that the Romanian plant had accumulated significant financial losses: Clariant 2023 - RO

The company has 10,481 employees worldwide, 5,300 in Germany and 120 in Romania.

Sources

Citation

Eurofound (2023), Clariant, Closure in European Union, factsheet number 204004, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204004.