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

July 21, 2024

PepsiCo and Yara partner to decarbonise European crop production

Energy & Chemical Value Chain

PepsiCo Europe and crop nutrition company Yara have announced a long-term partnership aimed at providing European farmers with low-carbon crop nutrition solutions to help decarbonise the food value chain. Under the agreement, Yara will supply PepsiCo with up to 165,000 tons of fertiliser per year by 2030, covering around 25% of the food and beverage giant’s crop fertiliser needs across Europe.

July 21, 2024

BASF sells Flocculants business for mining applications to Solenis

Energy & Chemical Value Chain

BASF has signed an agreement to sell its flocculants business for mining applications to Solenis, a specialty chemicals manufacturer. The divestment of the flocculants business to Solenis is part of BASF’s ongoing portfolio optimisation with the aim of focusing on strategic core areas.

July 21, 2024

ADAMA announces Gaël Hili as President and CEO replacing Steve Hawkins

Energy & Chemical Value Chain

ADAMA Ltd. a leading crop protection company, announced that its board of directors has appointed Gaël Hili as its President and Chief Executive Officer, effective October 1, 2024. Hili will join the Syngenta Group Leadership Team and will be based in Tel Aviv.

How can we help you?

We're easy to reach