Leather chemical Co LANXESS to save EUR 11mn in France
15 Oct '05
2 min read
Leverkusen based Multi-national chemical group LANXESS has commenced the restructuring measures for the French site La Wantzenau that were announced in August. From 2006 LANXESS aims to save EUR 11 million annually there.
LANXESS CEO Dr. Axel C. Heitmann informs that he is delighted that the management has put a package of measures on the table that is acceptable to all sides. Therefore, they can sustainably lower their annual cost base and at the same time safeguard as many jobs as possible at the La Wantzenau site.
The savings will be achieved through process optimization and a solidarity pact that has been negotiated with all unions concerned. Through this solidarity pact and the corresponding accompanying measures 83 jobs will now be reduced in a socially responsible manner instead of the 100 jobs initially envisaged.
The measures in France are part of the second phase of restructuring announced in August through which LANXESS will achieve savings of EUR 60 million.
In La Wantzenau the Technical Rubber Products Business Unit produces nitrile-butadiene rubber, currently employing around 400 staff there. Before implementation the La Wantzenau cost saving package is subject to a number of formalities according to French law.
On a global level, the Technical Rubber Products Business Unit will achieve further savings through job reductions and process optimization.
In September, following negotiations with union representatives LANXESS announced a EUR 10 million savings package in the Styrenic Resins Business Unit in Spain.
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