Internal restructuring
Location of affected unit(s)
Belgium (150 to 160), France (90), Germany (80 to 90) Italy (110 to 120), Portugal (80), Spain (40 to 50) + other countries is the world
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Chemicals And Chemical Products
20 - Manufacture of chemicals and chemical products

800 jobs
Number of planned job losses
Job loss
Announcement Date
23 September 2010
Employment effect (start)
Foreseen end date
31 December 2011


On September 23, 2010, the Belgian chemical group Solvay announced a reorganisation plan called "Horizon" which will cut 800 jobs throughout world, including 600 in the European Union. National information and consultation procedures started on 30 September 2010, after a European Works Council meeting on 28 and 29 September, in Brussels. The group wants to save 120 million Euros per year from now until the end of 2012. This plan follows the sale of the company's pharmaceutical activities to the US firm American Abott, last year. Solvay wants to focus on the chemical industry and will build headquarters in Paris (and close its current headquarters in Ixelles, near Brussels, Belgium) for its new chemical division, which will cover 16 plants in Europe. The company's management has said that it will avoid direct dismissals as far as possible.



Eurofound (2010), Solvay, Internal restructuring in World, factsheet number 71130, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71130.