Invista cuts 210 more jobs as economy worsens

11 December 2008 17:22  [Source: ICIS news]

HOUSTON (ICIS news)--Invista is cutting 210 jobs and halting nylon production at its Waynesboro plant in North Carolina due to deteriorating market conditions, the company said on Thursday.

Invista would not release the capacity of the plant.

Reduced consumer demand and a worsening economic environment made job cuts necessary, said Invista spokesperson Jodie Stutzman.

“We do intend to restart the idled operations, we’re just not sure when,” Stutzman said, adding that Invista would continue to monitor and manage its businesses in line with market conditions.

Cutbacks at the Waynesboro facility, which according to recent state filings employed 610 workers prior to the cuts, will only affect nylon operations and not the company’s Spandex and fibres business, Stutzman said, adding that it is yet to be determined how many contractors will be let go.

The layoffs at Waynesboro mark the third time during the fourth quarter that Invista has idled plants and fired workers, the others occurring at polymer facilities in Greer, South Carolina, and Millhaven, Ontario.

But job losses in the nylon sector are not unique to Invista.

As global demand for textiles, carpeting and automotive upholstery has tumbled, chemical majors BASF, DuPont, Honeywell and Solutia have likewise scaled back US nylon operations or have delayed restarting after planned turnarounds pending better economic conditions, market sources said.

For more on Invista’s businesses, visit ICIS plants and projects
For more on nylon visit ICIS chemical intelligence


By: Landon Feller
+1 713 525 2653



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