- Consultations with trade unions started today in Brindisi, Italy.
- Closure involves one of two polypropylene production units.
- The unit is the oldest of its kind and uncompetitive.
- Materials produced include textiles and food packaging.
Consultations with Trade Unions
LyondellBasell has initiated consultations with territorial trade unions to manage potential redundancies due to the planned closure of one of its two polypropylene production units in Brindisi, Italy.
Strategic and Financial Considerations
According to Jim Guilfoyle, senior vice president of Olefins and Polyolefins EAMEI at LyondellBasell, the decision follows a thorough analysis, concluding that the closure is the most sustainable solution from both strategic and financial perspectives. The company acknowledges the potential impact on employees and is committed to discussing solutions with unions and social parties.
Market Challenges
The Brindisi unit, the oldest of its kind globally, has become uncompetitive. The market environment for its polypropylene products has grown increasingly challenging, with little improvement expected in the outlook. The company aims to strengthen its position in higher value markets by focusing on other assets.
Production and Supply
The Brindisi site produces materials used in textiles, food packaging, and other applications. Despite the intended closure, LyondellBasell assures that the supply to its customers will continue uninterrupted.
