DSM Specialty Intermediates B.V. (DSI) in Sittard (Netherlands) has todayannounced the intention to discontinue its operational activities by 31December2010 at the latest. As a consequence, DSI's production activities at theChemelot industrial site in Sittard-Geleen will be stopped with effect from1July 2010. The closure will result in the loss of 37 jobs at DSI. DSMstrives toavoid forced redundancies as much as possible. DSM has asked the localWorksCouncil for advice on the intended closure.
DSI produces and sells intermediates for the automotive, food andpharmaceuticalindustries. Due in particular to increasing competition from China andIndia,among other countries, prices and margins for these products have beenunderheavy pressure for a number of years.
pandora style beadsFor this reason, a number of DSI production plants had already been closedin2007 and the remaining facilities had been integrated with other DSM plantsinorder to make the business unit financially healthy. Despite the strongeffortsof DSI's management and workforce, it proved impossible to make DSIstructurallyprofitable, even after these measures.
Given this situation, the only option left is to close DSI. Therefore, theintention is to discontinue Fendi Replica Handbags all operational activities by 31 December 2010atthe latest. In connection with this, the production activities will bestoppedearlier, with effect from 1 July 2010, after which the product stocks willbeused to meet the remaining supply obligations.
DSI employs 37 people, who will lose their jobs as a result of the closure.Theaim is to offer these employees an alternative within DSM. Employees forwhom noalternative job can be found will be declared redundant at the moment whentheirjob ceases to exist. The DSM LBV Supervision of Employment Plan as agreedwiththe trade unions at DSM Limburg BV will apply to all employees who willbecomeredundant as a result of the closure.
DSM - the Life Sciences and Materials Sciences Company
Royal DSM N.V. creates innovative products and services in Life SciencesandMaterials Sciences that contribute to the quality of life. DSM's productsandservices are used globally in a wide range of markets and applications,supporting a healthier, more sustainable and more enjoyable way of life.Endmarkets include human and animal nutrition and health, personal care,pharmaceuticals, automotive, coatings and paint, electrical andelectronics,life protection and housing. DSM has annual net sales catalog printing of EUR 9.3 billionandemploys some 23,500 people worldwide. The company is headquartered in theNetherlands, with locations on five continents.DSM is listed on Euronext Amsterdam. More information:
For more information:DSM Nederland CommunicatieNelleke Barningtel. 31 (0) 46 4773343e-mail
Press release-pdf:
Other articles:
http://alacazoum.com/blogs/blog.php?user=mywatches¬e=10876
http://www.wifes2u.com/blog.php?user=mywatches&blogentry_id=39
http://bhraja.co.ba/blog.php?user=watches2010&blogentry_id=1554
http://www.portraitofguam.com/Battered-By-Burglars.html
http://www.tl-9000.com/Navy-SEAL-exceeds-the-hype.html
