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 20.6 - Manufacture of man-made fibres
90 jobs Number of planned job losses
Announcement Date
6 May 2004
Employment effect (start)
6 May 2004
Foreseen end date
31 December 2004
Description
The DuPont de Nemours Group, specialised in the production of chemical products, has decided to close one of its four plants in the industrial complex in Asturias (Spain). The industrial complex required an initial investment of 156.26 million euros for its four plants and produced THF used in the manufacture of man-made fibres. The decision occurs after the DuPont de Nemours Group has decided to sell its Textile Division to the US Koch Industries Corporation, including the production plant in Asturias. The 90 redundancies are to be relocated in the other three plants of the industrial complex of Asturias. The Group tries to complement this with other indirect job reduction measures like voluntary redundancies. DuPont de Nemours´ management announced on April 2004 3,500 redundancies in its factories in the USA and Europe.
Sources
6 May 2004: El País
Citation
Eurofound (2004), DuPont de Nemours, Relocation in Spain, factsheet number 60329, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60329.
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