US EditionUnions Concerned About Secret Sale of Limburg Petrochemical Firm Sabic
2 Articles
2 Articles
Unions are concerned about the sale of the chemical company Sabic in Limburg. Yesterday, it was announced that the Saudi-owned company is selling the petrochemical plant to Aequita, a German investment company, for half a billion dollars. The unions say they were unaware of the sale and were taken by surprise. They fear primarily for the 900 jobs at Sabic. The future of the chemical company was already uncertain, as Sabic was considering closing…
Unions concerned about secret sale of Limburg petrochemical firm Sabic
Trade unions are very concerned about the sale of the Limburg petrochemical firm Sabic to a German investment company. The investment company’s intentions are unclear, and the fear for the workers at the firm. There are also concerns about a domino effect on Chemelot after the closure of the nylon raw material factories by Fibrant and Vynova in October last year, L1 Nieuws reported.
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