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The 67 employees who will lose their jobs in Freiburg will certainly not be able to enjoy their summer vacation. German plastics manufacturer Covestro will close its plant for economic reasons. All employees lose their jobs.
Christoph Aebischer, Freiburg Economic Development’s communications officer, said about Keystone-SDA that only administrative positions were affected by the shutdown as there was no production at the Freiburg plant. Thus, he confirmed a report in the newspaper “La Liberté” on Saturday.
in the first half of 2024
The shutdown is planned for the first half of 2024. The Freiburg Economic Development Agency was informed about this at the beginning of June. Aebischer said the company had been offered ways to keep all or part of operations in the canton, but Covestro did not respond.
Covestro specializes in the production of polymer materials. The company is headquartered in Leverkusen (D) and employs around 18,000 people at more than 50 production sites worldwide. Last year, sales increased to about 18 billion euros, while the group posted a net loss of 272 million euros. Last year, the group still recorded profits. (pbe/SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
