Restructuring events
European Restructuring Monitor (ERM)
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.
Trinseo, formerly part of the Dow Chemical group, is establishing its new global business services function in Dublin's Docklands. The company, which is a manufacturer of plastics and latex binders, is looking to recruit 130 people over the next six months.
With global administrative headquarters located in Pennsylvania and operating headquarters in Switzerland, Trinseo employs about 3,800 staff and has 26 manufacturing sites worldwide. It reported $3 billion (€2.6 billion) in net sales last year.
“Trinseo’s move to establish a significant base in Ireland is a huge step forward in our ambitions to transform into a higher growth, higher margin and less cyclical specialty materials and sustainable solutions provider to better serve our customers worldwide,” said chief executive Frank Bozich.
Eurofound (2021), Trinseo, Business expansion in Ireland, factsheet number 204012, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204012.