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.
North East; Tees Valley and Durham; Hartlepool and Stockton-on-Tees
Location of affected unit(s)
Seal Sands
Sector
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.59 - Manufacture of other chemical products n.e.c.
145 jobs Number of planned job losses
Announcement Date
17 December 2019
Employment effect (start)
17 December 2019
Foreseen end date
Description
Ineos, the UK-based chemical company has announced that it will close its acrylonitrile manufacturing plant near Stockton, in the North East of England, making 145 people redundant.
The director of the company said that production on the site was no longer safe and they decided that further investment would be too costly. They promised to support the 145 employees affected by the closure.
Local politicians denounced the decision to close the factory and offered to help workers gain ‘access to new opportunities’ in the region.
Ineos was founded in 1998 and the Ineos Group now includes 34 businesses in 26 countries.
Eurofound (2019), Ineos Nitriles (UK), Closure in United Kingdom, factsheet number 99507, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99507.
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