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Markets :: Specialty Chemicals :: Lubricants

AllessaChemie Makes 80 Workers Redundant, Drives Collaborative Innovation in Bid to Return to Growth

11:32 AM MDT | July 2, 2009 | Alex Scott

Specialty chemicals firm AllessaChemie’s (Frankfurt) heralded growth of a year ago has deserted the firm and in a bid to reduce costs it is now restructuring. The firm’s restructure, the first for more than three years, will lead to 80 redundancies-representing less than 10% of the workforce, says Lukas von Hippel, v.p./sales and marketing for AllessaChemie. Prior to making redundancies the company has already reduced its manufacturing week to 35 hours. “We are reacting to demand,” von Hippel says. Just one year ago the firm had disclosed...

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