Solvay to cut 68 jobs in Salindres site throughout 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2024
0mins
Source: Yahoo Finance
Solvay's Production Cessation: Belgian chemicals group Solvay plans to halt production at its Salindres site in France, resulting in the loss of 68 jobs between early 2025 and October 2025 due to ongoing poor financial performance and unfavorable market conditions.
Cost-Cutting Measures: The company aims to save 300 million euros by 2028 as it faces reduced demand and high energy prices, while maintaining its 2024 financial guidance for underlying EBITDA and free cash flow.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
