EMCC European Monitoring Centre on Change

Clariant

Company/Organisation:
Clariant

Geographic Location

Country: World
Location of affected unit(s): Germany and United States

Company

Sector: Manufacturing
Manufacture of chemicals and chemical products
20 - Manufacture of chemicals and chemical products
Number Employed: 28000

Employment Effects

Announcement Date: 05-08-2003
Planned Job Reductions min: 4200
Planned Job Reductions max: 4200
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2003
Foreseen End Date: 01-02-2006

Additional Information

Because of its debt, Clariant announced the closure of four agrochemical plants affecting 200 jobs in Germany and in the United States. In February 2004, Clariant announced it will axe 4,000 jobs over the next 2 years. The job cuts are part of Clariant’s restructuring programme, adopted after the company lost 648 million Swiss Francs in 2002. The group did not specify where the job cuts would be made, but said workers affected in Switzerland would be offered another position within the company.