Skip to main content
Sister Publication Links
  • Rubber & Plastics News
Subscribe
  • My Account
  • LogIn
  • News
  • Technology Focus
    • Features
    • Technical Papers
    • Analysis: Rubber mixing plants of the future
      Analysis: US probes dumping by ESBR suppliers
      Opinion: Tire labels stuck in a rut
      Analysis: NR pricing takes one step forward, two steps back
    • White paper: Role of tire innerliners in improving 'in-use rolling resistance'
      White paper: Why tire air retention matters now more than ever
      Nippon Soda: Use of 1,2-polybutadiene in CSM rubber applications
      Elastomers for Sustainability Top 10
  • Events
    • ERJ Events
    • ERJ Livestreams & Webinars
    • Industry Events
    • Journey to Automation Awards 2020
      Sustainability: Top 10 E4S projects table
  • Maps & Reports
  • People
  • Directory
  • Digital Edition
  • Brainiac
MENU
Breadcrumb
  1. Home
  2. News
September 06, 2013 12:00 AM

Tenneco restructures European operations

ERJ Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    ERJ staff report (LMH)

    Lake Forest, Illinois – Tenneco says it is to close its 'ride performance' plant in Gijon, Spain, and “decomplex” its ride performance plant in Sint-Truiden, Belgium, as part of an initiative to address “ongoing weak macroeconomic conditions in Europe”.

    Some 480 jobs will be lost at the plants, where the company makes shock absorbers and anti-vibration products for vehicle manufacturers and the replacement market.

    Tenneco said its plans are subject to consultation with the employee works councils.

    In Belgium, the move to decomplex the plant involves focusing activities on more highly automated, advanced component production and final assembly, reducing the number of high labour assembly operations, Tenneco said.

    "We sincerely regret the impact these actions would have on our employees at Gijon and Sint-Truiden," said Hari Nair, Chief Operating Officer, Tenneco. "However, the industry outlook for Europe continues to be weak with no near-term recovery. These changes, although difficult, would help us operate as efficiently as possible in this environment and strengthen our long-term competitiveness in the critically important European market."

    Tenneco expects to record charges of $63 million related to these actions, of which $55 million will be recorded in the third quarter. This announcement follows the company’s closing of an aftermarket facility in Vittaryd, Sweden, which was completed in August 2013.


    This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

    News Release from Tenneco

    RECOMMENDED FOR YOU
    Tatneft unveils €112m expansion at Kama Tyres plant
    Tatneft unveils €112m expansion at Kama Tyres plant
    Air France, Michelin extend come-fly-with-me deal
    Air France, Michelin extend come-fly-with-me deal
    DKT IRC organisers line up symposium in lieu of postponed event 
    DKT IRC organisers line up symposium in lieu of postponed event 
    Free Newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Get the latest news impacting the European rubber industry, from breaking news to razor-sharp analysis, in print and online.

    Subscribe now
    Connect with Us
    • LinkedIn
    • Twitter
    • Youtube

    Logo
    Contact Us

    @ 2019 European Rubber Journal. All rights reserved.
    Contact Us European Rubber Journal, Crain Communication LTD, Ground Floor 11 Ironmonger Lane, London EC2V 8EY, UK

    Customer Service:
    1-313-446-0450

    Resources
    • About us
    • Contact Us
    • Staff
    • Advertise with Us
    • Media Kit
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
    • Technology Focus
      • Features
      • Technical Papers
    • Events
      • ERJ Events
      • ERJ Livestreams & Webinars
      • Industry Events
    • Maps & Reports
    • People
    • Directory
    • Digital Edition
    • Brainiac