Sabic: Restructuring Plans for European Operations
Sabic, Riyadh, Saudi Arabia, announced a restructuring program in Europe designed to strengthen its European businesses for the competitive challenges ahead, whilst maintaining environmental, health and safety standards.
Following a full review of its European business, Sabic will restructure its European assets and organizational footprint. The planned restructuring includes the shutdown of certain assets and a net reduction of approximately 1,050 positions, while there will also be continued investments in plant improvements, new technologies and innovation. The company has initiated consultations with the relevant Works Councils and trade unions regarding the planned restructuring.
Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?
Looking for a new challenge? Check out our jobs market!
Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.