Solvay: Downsizing of Fluor Chemicals Business
Solvay announced that it is taking steps to further focus its Fluor Chemicals business on high value added specialties, while scaling down its activities in refrigerant gases. The market for these commodity products is affected by adverse developments, including a surge in low-cost competition from Asian manufacturers. Solvay has entered into the relevant social procedures and will consider all feasible solutions – including early retirement, reassignment to other jobs and locations – to alleviate the social impact of the reorganization.
The company is planning a significant reorganization of its Fluor chemicals activities, which would decrease employment by a total of around 250 jobs on five sites – Hannover, Bad Wimpfen, Frankfurt (Germany), Porto Marghera (Italy), and Tarragona (Spain). Solvay Fluor currently employs a total of some 730 staff on these sites.
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