Sector News

Avery Dennison cutting 225 jobs in N.C.

April 27, 2015
Energy & Chemical Value Chain
Avery Dennison Corp. (NYSE: AVY), a Glendale, California-based maker of labels, packaging materials and other products, plans to cut 225 jobs in North Carolina.
 
The company will cut 143 positions in Lenoir and 82 employees in Greensboro, according to a Worker Adjustment and Retraining Notification, or WARN notice, filed with the N.C. Department of Commerce.
 
The company is ending manufacturing operations in both locations and moving production to Juarez, Mexico, and to Honduras, said Joy Seusing, vice president of communications for Avery Dennison. The transition is expected to be completed by mid-2016.
 
“We are always seeking ways to achieve further efficiency across our locations and these decisions will help us streamline activities and remain competitive in today’s market,” she told the Triad Business Journal, a sister publication of the Triangle Business Journal.
 
The Greensboro facility, at 2025 16th St., will continue to house a commercial and sales team, meaning about 80 employees will remain, Seusing said. The company doesn’t yet have specific plans for the space that will be vacated when manufacturing ceases.
 
No employees will remain at the Lenoir site.
 
The firm’s products include pressure-sensitive labeling materials, graphics imaging media and retail apparel ticketing and branding systems. Avery Dennison states on its website that it operates more than 175 manufacturing and distribution facilities.
 
With locations in more than 50 countries, the company reported sales from continuing operations of $6.3 billion in 2014.
 
By James Ritchie
 

comments closed

Related News

May 17, 2024

Italian Treasury divests 2.8% stake in Eni for €1.4bn

Energy & Chemical Value Chain

Italy’s Treasury has sold a 2.8% stake in oil and gas company Eni, raising approximately €1.4bn. Despite this reduction, the Italian Government will own a third of Eni, with a combined stake of more than 30% held between the Treasury and state lender Cassa Depositi e Prestiti, which owns another 28.5% stake.

May 17, 2024

Umicore announces CEO succession

Energy & Chemical Value Chain

Umicore announces the appointment of Bart Sap as Chief Executive Officer, effective May 16th. He will succeed Mathias Miedreich who has decided to step down, in mutual agreement with the Supervisory Board. Bart Sap joined Umicore in 2004 and has been the Executive Vice President Catalysis since March 2021.

May 17, 2024

MOL Inaugurates €1.3 Billion Polyols Complex in Hungary

Energy & Chemical Value Chain

Hungarian energy and petrochemicals group MOL has inaugurated its €1.3 billion polyol complex in Tiszaújváros, Hungary, with a capacity of around 200,000 t/y of polyol, a widely used plastic raw material. According to MOL, the commissioning is a significant milestone, as it is the only company in Hungary and Central and Eastern Europe that covers the entire value chain from crude oil processing to polyol production.

How can we help you?

We're easy to reach