19 March 2009 14:30 [Source: ICIS news]
LONDON (ICIS news)--Invista plans close its adipic acid and nylon 6,6 production in Wilton, UK, during 2009 and will start issuing redundancy notices in April, a source from the US-based polymers and fibres producer said on Thursday.
He said there would be no redundancies before the end of a 90-day consultation period with employees on April 14, when a phased reduction of staff would run until the end of December.
Invista, which is a subsidiary of ?xml:namespace>
“The collective consultation process has been completed but there are still some outstanding issues,” said the source, who would not confirm whether all the staff at the plants would lose their jobs.
When the proposed closure was announced in January, Invista said the site’s products had been hit with a sharp drop in demand in end-user markets such as housing, automotives and textiles.
According to ICIS plants and Projects, Invista’s
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