Ineos ChlorVinyls Belgium

Type
Internal restructuring
Country
Belgium
Region
Vlaams Gewest; Prov. Limburg (BE); Arr. Hasselt
Location of affected unit(s)
Tessenderlo
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20 - Manufacture of chemicals and chemical products
20 - Manufacture of chemicals and chemical products
117 jobs
Number of planned job losses
Job loss
Announcement Date
27 February 2012
Employment effect (start)
1 April 2012
Foreseen end date
30 September 2012

Description

Ineos ChlorVinyls Belgium, part of the multinational Lausanne-headquartered chemicals group Ineos, announced the decision to cut 117 jobs. The cuts will be implemented over the next two years.

According to the management, the company needs to adapt its business model to stay active and competitive. It is reported that the company declared that the cuts are necessary now to preserve jobs in the future. The Renault procedure was launched to discuss every aspect of the internal restructuring with the unions.

Ineos currently employs 667 people at its plant in Belgium.

Sources

  • 28 February 2012: RTL;be

Citation

Eurofound (2012), Ineos ChlorVinyls Belgium, Internal restructuring in Belgium, factsheet number 73238, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73238.