Redundancies are part of Solvay’s transformation plan
09/04/2018
The transformation includes plans to simplify its organisation so that it is adapted to its portfolio, which strongly focuses on high-performance materials and tailored solutions. The company also said it must adapt to its changing customer base.
Among the changes Solvay announced was the upgrading of its research site in Lyon, France to a centre for advanced chemistry. It will also expand its advanced materials research and innovation capabilities at its headquarters in Brussels. The final significant change to Solvay’s business is the relocation of nearly all of its activities in Paris to Lyon and to Brussels.
The company has said this restructuring will lead to around 600 net redundancies, including 160 in France, 90 in Portugal and 80 in Brazil. It will attempt to mitigate these job losses through natural turnover, voluntary leave and internal repositioning. Around 500 employees will transfer to Lyon and Brussels over four years.
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