18 November 2008
The Perstorp Group needs to lay off 105 employees in Sweden as a result of the lack of orders of certain specialty chemical products and as part of a global rationalization scheme.
“Demand has fallen rapidly in recent months and nothing points to a quick improvement in the order intake. We have probably not hit the bottom of the recession yet,” says CEO Bo Dankis. “Especially affected are the automotive and construction industries, which is where many of Perstorp’s products end up. Firstly we will delay planned investments and activities and slow down the pace of production. This unfortunately won’t be enough and we also need to lay off 105 employees. Our job now is to ensure that Perstorp remains a profitable company and that we’re prepared to kick-start our growth strategy as soon as the economic climate improves.”
Of the 105 employees, 68 work in Perstorp and Helsingborg and 37 in Stenungsund and Nol. Perstorp has around 1000 employees in Sweden.