EMCC European Monitoring Centre on Change

Zachem

Company/Organisation:
Zachem

Geographic Location

Country: Poland
Region: Bydgoski; Kujawsko-Pomorskie; Polnocny
Location of affected unit(s): Bydgoszcz

Company

Sector: Manufacturing
Manufacture of chemicals and chemical products
20 - Manufacture of chemicals and chemical products
Number Employed: 880
Group: Ciech

Employment Effects

Announcement Date: 27-02-2012
Planned Job Reductions min: 150
Planned Job Reductions max: 150
Type of Restructuring: Internal restructuring
Employment Effect Start: 27-02-2012
Foreseen End Date: 31-12-2012

Additional Information

Zachem, a Poland-based chemicals company, announced a restructuring program, which is to cut 150 jobs in 2012. It is reported that the redundancies are due to worsening financial outlook for the company and are expected to lead to about 15-20 mln PLN savings.

Zachem produces toluene diisocyanate, allyl chloride, polyurethane foam and other chemical products.

The company was established in 1948 and was operated as state-owned company until its privatization in 2006.