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Total SA to Shut Ethylene Unit at Carling Plant; to Cut 210 Jobs-Reuters


Wednesday, 4 Sep 2013 08:00pm EDT 

Reuters reported that Total SA is to shut the ethylene unit at its petrochemical plant in Carling (Moselle). This will involve 210 jobs being cut, without redundancies. Of the 554 posts which currently exist at the site 344 will be maintained from 2016, of which 100 will have been created as a result of new projects at the site. The Company is to invest EUR 160 million before 2016 to adapt the petrochemical platform. The Company wants to develop other types of products such as polymers and hydrocarbon resins. 

Company Quote

45.81
1.22 +2.74%
11:36am EDT