01 June 2010 15:36 [Source: ICIS news]
PRAGUE (ICIS news)--Workers at Zachem, Poland’s sole toluene di-isocyanate (TDI) producer, are organising a ballot for industrial action after discovering the company is planning to reduce its workforce by as many as 350 employees over the next three years, the Solidarity union said on Tuesday.
The plan would see 130 of Zachem’s 1,100 employees cut this year and around 100 dismissed in each of the two following years, according to the union.
Zachem’s owner, Ciech, which is ?xml:namespace>
In March, Zachem said the restructuring would only result in 200 workers being laid off.
Solidarity said the ballot could go ahead within two weeks.
Ciech is under pressure to increase profits and raise capital so that it can meet commitments made to a group of banks to substantially pay down its major debt by the spring of 2011.
Last week, Ciech announced it had drawn up a plan to dispose of two of its four divisions and concentrate on the other two divisions, soda ash and organic chemicals, the latter of which includes products made by Zachem.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections