Solvay suspending production, cutting jobs
Published: September 16,2010
BAY ST. LOUIS — Solvay Advanced Polymers, LLC, is suspending production at its facility in Bay St. Louis that makes the plastic PrimoSpire SRP (self-reinforced polyphenylene) in order to refocus its people and assets on research and development to fully commercialize the product.
The move will eliminate 14 positions at the site while retaining five R&D positions and transferring another five employees to other facilities and sites within the company.
“We see great opportunity for PrimoSpire SRP in a multitude of industries and applications and are committed to funding its development,” said Chris Wilson, senior vice president for ultra polymers at Solvay. “This strategic business decision will focus assets and personnel on refining and improving the process technologies necessary to realize PrimoSpire’s full commercial potential.
“We regret the impact this move will have on affected employees and the community.”
Solvay said it would offer severance packages and comprehensive outplacement services to affected employees. In addition, the company will continue talks with some affected employees about other opportunities within the company.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Spivey named Under 40 Business Person of the Year by the Mississippi Business Journal
- JACK WEATHERLY: Finding a house, defending a neighborhood, finding a voice
- Top 40 Under 40
- Bids on reworking Interstate 55 stretch are rejected
- Terminal upgrade on indefinite hold at Jackson International Airport
- JACK WEATHERLY: Economic development in these parts is a ‘family’ business
- CFPB wants repay ability at center of new payday loan rules
- MDA to close all its regional offices
- Top 40 Under 40 (digital magazine)