Atofina to cut 74 jobs at two MLPC sites in France

02 December 2003 15:09  [Source: ICIS news]

PARIS (CNI)--Atofina is cutting 74 jobs at its two MLPC International sites in Rion-des-Landes and Lesgor, southwest France, a spokeswoman told CNI on Tuesday.

 

The sites, which employ a total of 335 people, are mainly geared to the production of curing accelerators for the industrial rubber industry.

 

MPLC is also planning to implement a Euro10m ($12m) project to restructure and modernise production at the sites, including the introduction several automation procedures.

 

The spokeswoman said the job cuts will be dealt with on an individual basis and involve early retirement as well as internal and external transfers. 

 

Atofina, which owns 67.2% of MPLC with the public holding the rest, did not specify a timeframe for the job cuts. Neither did it disclose the cost savings to be achieved or the cost of making the cuts.

 

The spokeswoman attributed the job losses to the depressed economy, which was compounded by the sites' structural disadvantages and the non-renewal of a substantial contract with rubber firm Goodyear.

 

The appreciation of the euro also affected MLPC’s exports, which account for 80% of group sales.

By: Doris Leblond
+44 20 8652 3214

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