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Chemical

Celanese to close subsidiary, cut 350 jobs

July 08, 2009
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Bizjournals.com reports that Chemical maker Celanese Corp. has reached a final agreement with workers on how the corporation will shut down its Acetex Chimie subsidiary, which is located in Pardies, France. A spokesman said no employees in the North Texas area will be impacted by the closing of the French facility, but all 350 plant employees in France will lose their positions as operations are cut. Celanese expects the French facility to end all operations by December. The French subsidiary makes two chemicals, including acetic acid. Acetex Chimie''s products are commonly used in consumer products and plastics. The 350 employees losing their jobs are in management-level positions, as well as maintenance, operations and all support services. The company will continue making the same products at existing plants in Clear Lake, Texas as well as facilities in China and Singapore, the spokesman indicated. Employees impacted by the shutdown will receive severance and outplacement services, Celanese said.
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