Home / Knowledge / News / Textiles / Restructuring leads to 100 job losses in textiles division – Huntsman

Restructuring leads to 100 job losses in textiles division – Huntsman

25
May '09
Huntsman Corporation, a global manufacturer and marketer of differentiated chemicals and petrochemicals will cut 104 jobs at its textile chemicals production site in Langweid, near Augsburg in Germany, through end 2010.

Speaking exclusively to Fibre2fashion, Mr Guy Wolff, Director, Global Communications & Public Affairs at the Advanced Materials & Textile Effects Divisions at Huntsman said, “In the course of 2008, the Textile Effects division of Huntsman International announced a major restructuring with the strategic intent to focus on selected global market segments and to implement a new business support model that is fully aligned with the market and its customer needs”.

He continued by saying, “Significant changes in the organization included the reorganization of regional structures which have been replaced by two global business units - Apparel & Home Textiles and Specialty Textiles - and the transition of the global headquarters to Singapore, which will be complete this summer, in order to better support the migration of the business towards Asia”.

He added, “The sales and customer support organization in Asia is now the largest in Textile Effects, bringing it into line with changed requirements and development potential. A further key element of the plan included the build-up of Research & Technology (R&T) capability in Panyu (China) and in Mumbai.

"In end 2008, a consultation process was initiated with employee representatives of the Langweid in Germany, which was home of the EMEA region and have now reached an agreement which calls for a reduction of 100 positions on one side and the continuation of the production facility which specializes in textile chemicals”, he concluded by saying.

Huntsman had recently released its results for the first quarter of 2009. Revenues for the first quarter of 2009 were US $1,693 million, a decrease of 33 percent compared to $2,540 million for the first quarter of 2009 and a decrease of 17 percent, when compared to $2,048 million for the fourth quarter of 2008.

Huntsman is a global manufacturer and marketer of differentiated chemicals. Its operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging.

Originally known for pioneering innovations in packaging and, later, for rapid and integrated growth in petrochemicals, Huntsman today has 13,000 employees and operates from multiple locations worldwide.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Hai Huy Ton That | Dreamstime.com

Textiles | On 29th Nov 2021

Vietnam’s textile-garment industry may flourish in 2022: Industry body

Vietnam’s textile-garment sector is expected to earn $40 billion in...

Pic: Andy Nowack | Dreamstime.com

Textiles | On 29th Nov 2021

US textile & apparel exports up 20.15% in Jan-Sept 2021

The exports of textile and apparel from United States increased by...

Pic: Sofiaworld | Dreamstime.com

Textiles | On 27th Nov 2021

Global economic growth, inflation will slow down in 2022: IHS Markit

Global economic growth will continue at a moderating pace over till...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Sanjay Jhunjhunwalla,

Sanjay Jhunjhunwalla

In the financial hub of eastern India, Kolkata, a humble production...

Zayed Moyeen,

Zayed Moyeen

Far East Knitting and Dyeing Industries LTD (FEKDIL) was established in...

Benedetta Terraneo,

Benedetta Terraneo

Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Carmen Emanuela Popa, Label - Carmen Emanuela Popa

Carmen Emanuela Popa
Label - Carmen Emanuela Popa

<b>Carmen Emanuela Popa,</b> a Romanian fashion designer, is known for her ...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search