Holland Sweetener Company

Type
Closure
Country
Netherlands
Region
Zuid-Nederland; Limburg (NL); Zuid-Limburg
Location of affected unit(s)
Geleen
Sector
Manufacturing
(10 - 11) Manufacture of food and beverage
10.8 - Manufacture of other food products
10.89 - Manufacture of other food products n.e.c.
100 jobs
Number of planned job losses
Job loss
Announcement Date
30 March 2006
Employment effect (start)
1 April 2006
Foreseen end date
1 November 2006

Description

On 30 March 2006, DSM (chemicals) announced that it will close the aspartaan-factory (a joint-venture with the Japanese Tosoh-group (chemicals)) in Geleen on 1 November 2006. This is due to the worldwide overcapacity in aspartaan (an artificial sweetener) which resulted in a five year decline in prices. A spokesperson for DSM expects that for a large majority of the employees replacement jobs can be found.

Sources

  • 31 March 2006: Het Financieele Dagblad

Citation

Eurofound (2006), Holland Sweetener Company, Closure in Netherlands, factsheet number 63285, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63285.