(IN BRIEF) INEOS Acetyls will cut 60 skilled jobs at its Hull Acetyls plant following mounting challenges from high energy costs and a surge in cheap, high-emission imports from China. The company warned that these carbon-intensive imports, which emit up … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Investment, Management, News, United Kingdom
Tagged acetic acid, acetic anhydride, anti-dumping tariffs, carbon emissions, chemicals industry, China imports, David Brooks, decarbonisation, deindustrialisation, energy costs, ethyl acetate, ETS, European Commission, Hull, hydrogen investment, INEOS, INEOS Acetyls, INEOS Calls for Urgent Trade Tariffs After Cutting Jobs at Hull Site Due to Unfair Market Pressures, INEOS Warns of Deindustrialisation as Carbon-Heavy Imports Undermine UK Chemical Sector, job cuts, sustainable production, trade policy, UK Emissions Trading Scheme, UK manufacturing
(IN BRIEF) Continental’s ContiTech division is set to implement structural changes at several German locations due to declining demand in industries such as automotive and lignite mining. Around 580 jobs will be affected, with plant closures at Bad Blankenburg, Stolzenau, … Read the full press release
Posted in Automotive, Business, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged automotive industry, Bad Blankenburg, Continental, Continental Institute for Technology and Transformation, ContiTech, Employee Support, Frohburg, Geithain, Hamburg, Hanover-Vahrenwald, industry decline, job assistance, job cuts, job relocation, lignite mining, manufacturing adjustments, market changes, Moers, organizational changes, Original Equipment Solutions, Personnel changes, Philip Nelles, production closures, production relocation, Stolzenau, structural changes
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