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Business
Lanxess Reaches Pact in France
October 24, 2005
| A version of this story appeared in
Volume 83, Issue 43
Lanxess says unions at its La Wantzenau, France, nitrile butadiene rubber plant have agreed to a “solidarity pact” and to process optimizations that will save the plant about $13 million annually beginning in 2006. The moves are part of a corporate restructuring package designed to save Lanxess more than $70 million per year. Some 83 out of the 400 workers at the La Wantzenau plant will lose their jobs instead of the 100 originally planned.
The power is now in your (nitrile gloved) hands
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