 Home > Chemicals Industry > Rubber Plastic News > Solvay closes two composites plants as aviation crisis deepens

Solvay closes two composites plants as aviation crisis deepens

 Last Update: 2022-08-23
 Source: Internet
 Author: User

Tags

composite materials examples

automotive antifreeze

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Solvay said it will accelerate restructuring measures to deal with reduced customer demand due to the coronavirus disease 2019 (COVID-19) pandemic and will permanently close two composites plants

In addition, layoffs are being implemented across the business, potentially reducing the total workforce by around 570 people, or about 20% of the workforce

Solvay said the restructuring would allow companies to adjust their cost structures and partially mitigate the economic downturn in the short term

Over the past year, Solvay's composites business has improved operational efficiency through increased productivity and automation

"The decision to cut jobs is very important to us,

" said Solvay CEO Ilham Kadri.

The move is in response to the current downsizing of the civil aviation industry

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

Best Chlorinated Paraffin CAS NO.63449-39-8

CAS No.: 63449-39-8

Industrial Grade

$400-450/MT FOB

Kindchem Glyceryl Monooleate

CAS No.: 25496-72-4

$110-120/G FOB

MONOOLEIN, CAS:25496-72-4

CAS No.: 25496-72-4

Chemical Grade

$10-12/KG FOB

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

announcements today(81)

80 20 company(94)

united states logo(227)

single use technology(195)

healthy food name(42)

ups united states(221)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.