This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Reorganización rama química Total supondrá 132 supresiones empleo
Total chemical branch reorganization will involve 132 job cuts
06/04/2004
on April 6, 2004
The project of reorganization of the chemical branch of Total Franco-Belgian oil, Atofina, will involve the removal of 132 jobs next autumn. According to a spokesman for the chemical pole of Total, it's 95 posts at Headquarters in Paris and other 37 in the technical center of Lyon (Southeast of France).
Total announced the reorganization plan of Atofina, faced with a "severe" competition in a difficult sector context, to publish its results for 2003. The oil obtained net income record for 7.025 euro last year, an increase of 18 percent over the previous year.
The reorganization of the chemical pole includes the creation, next to the petrochemical and specialty, a "decentralized" entity comprising the assets of cloroquímica, intermediate and other products. This new entity, which may respond "more flexible" to the evolutions of the market, and that will have "a broad operational autonomy", is destined to become independent in the future. Equipped with a solid financial structure, the new set will have the opportunity to participate actively in the consolidation of the chemical industry, said Total.
