Location of affected unit(s):
Germany and United States
Manufacture of chemicals and chemical products
20 - Manufacture of chemicals and chemical products
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
Employment Effect Start:
Foreseen End Date:
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 Clariants 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.
24-02-2004De Finacieele Telegraaf
05-08-2003Clariant Press release