LyondellBasell has begun consultations with trade unions regarding potential redundancies following the planned closure of one of its polypropylene production units in Brindisi, Italy. The decision to close the unit was made after a thorough analysis, with the company stating that it is the most sustainable solution from a strategic and financial perspective. The closure is expected to impact some employees, but LyondellBasell is committed to finding solutions and supporting them. The company aims to strengthen its position in higher value markets by focusing on its other assets. The Brindisi site produces materials for textiles, food packaging, and other applications.
MILAN -- LyondellBasell today started consultations with territorial trade unions for the management of potential redundancies in relation to the intended closure of the one of its two polypropylene production units at its Brindisi location in Italy.
"After thorough analysis, we believe that closure of this unit is the most sustainable solution from a strategic and financial standpoint,” said Jim Guilfoyle, senior vice president Olefins and Polyolefins EAMEI of LyondellBasell. “We understand the intended closure may impact some of our employees. We are committed to discuss solutions with unions and social parties to support them in the best way possible. The supply to our customers will continue.”
Guilfoyle added, “This unit is the oldest of its kind in the world and it has become uncompetitive. The market environment for our polypropylene products of this Brindisi unit has become increasingly challenging, and the outlook provides little improvement. The intention of our group is to strengthen the position of the company's other assets in higher value markets.”
LyondellBasell’s Brindisi, Italy site produces materials for the production of textiles, food packaging, and other applications.