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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22 - Manufacture of rubber and plastic products
102 jobs Number of planned job losses
Announcement Date
29 January 2009
Employment effect (start)
29 January 2009
Foreseen end date
Description
Trellborg Sealing Solutions Malta, a manufacturing company in the chemical sector which produces industrial 'O' rings, will cut 102 jobs due to the global economic downturn. This amounts to nearly one sixth of its current workforce. Smaller job cuts have occured over the past years.
Since October 2008 the company has been working on a four-day week in order to reduce its expenses following a reduction in its orders, especially for the car industry, which has been affected by this crisis.
Eurofound (2009), Trelleborg Sealing Solutions Malta, Internal restructuring in Malta, factsheet number 68049, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68049.
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