Internal restructuring
European Union
Location of affected unit(s)
UK, France, Italy, Netherlands
Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products
Manufacture Of Rubber And Plastic Products
22.21 - Manufacture of plastic plates, sheets, tubes and profiles

150 jobs
Number of planned job losses
Job loss
Announcement Date
8 February 2012
Employment effect (start)
8 February 2012
Foreseen end date
30 June 2012


Netherlands-based plastic tubing manufacturer Wavin announced its plans to cut 80 jobs in the UK and 70 in continental Europe. The cuts are planned for the first half of 2012. The countries affected are the UK, France, Italy and the Netherlands.

It is reported that the cuts are required because of a stagnating European construction market and pressures on margins. The job cuts will save around 5 million Euros per year. The restructuring charge will be 3 million Euros.

The press has reported Wavin's restructuring activities in the context of the potential acquisition of Wavin by Mexichem, a Mexican chemicals company. However, Wavin has emphasized that the acquisition does not affect employee numbers and the takeover should be treated as a separate event.


  • 8 February 2012: Reuters
  • 8 February 2012: Wavin Investor Relations website
  • 8 February 2012: The Financial Times


Eurofound (2012), Wavin, Internal restructuring in European Union, factsheet number 73244, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73244.