Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Chemicals And Chemical Products
20 - Manufacture of chemicals and chemical products

150 jobs
Number of planned job losses
Job loss
Announcement Date
1 July 2004
Employment effect (start)
1 July 2004
Foreseen end date
31 December 2006

Description

Akzo Nobel Car Refinishes has announced a major restructuring plan in order to improve its performance. The focus will be on realigning the business with changing market conditions. The proposed measures, which will be carried out during 2004-2006, involve the reduction of an equivalent of approximately 600 full-time jobs, among which 150 on the Sassenheim site in Netherlands. Akzo Nobel Car Refinishes intends to limit compulsory redundancies as much as possible.


Sources

  • 1 July 2004: De FinanciĆ«le Telegraaf

Citation

Eurofound (2004), Car Refinishes, Internal restructuring in Netherlands, factsheet number 60546, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60546.