Rhodia

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20 - Manufacture of chemicals and chemical products
20 - Manufacture of chemicals and chemical products
984 jobs
Number of planned job losses
Job loss
Announcement Date
6 October 2003
Employment effect (start)
Foreseen end date
1 December 2004

Description

The French group Rhodia announced a restructuring plan affecting 984 jobs worldwide, 728 of them in Europe, 572 of these in France. The plan is part of a cost saving programme that aims a fixed cost reduction of 120 million euros by 2005 and 165 million euros by 2006.

Sources

  • 11 December 2003: Les Echos
  • 6 October 2003: Les Echos
  • 21 November 2003: Les Echos
  • 7 October 2003: Les Echos

Citation

Eurofound (2003), Rhodia, Internal restructuring in World, factsheet number 59614, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59614.