Saudi Basic Industries - UK

Type
Internal restructuring
Country
United Kingdom
Region
North East (England); Tees Valley; Hartlepool and Stockton-on-Tees
Location of affected unit(s)
Teesside
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20 - Manufacture of chemicals and chemical products
20 - Manufacture of chemicals and chemical products
160 jobs
Number of planned job losses
Job loss
Announcement Date
18 April 2013
Employment effect (start)
19 April 2013
Foreseen end date
31 December 2013

Description

Chemical manufacturer Saudi Basic Industries (SABIC) - UK has announced that it is to cut 110 jobs from its plant in Teesside.  Additionally, the company is to cut 50 contract and agency workers.  The company has said that the move follows a general downturn in sales and follows similar moves by the organisations' competitors.  Whilst job losses are expected to be imminent no date was given for when they are expected to be completed. This restructuring is part of a larger cost saving plan recently announced (see SABIC- EU2013).

Sources

  • 18 April 2013: BBC News

Citation

Eurofound (2013), Saudi Basic Industries - UK, Internal restructuring in United Kingdom, factsheet number 75295, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75295.