Sector News

TPC plans to cut jobs at Texas petrochemical facility

February 27, 2020
Energy & Chemical Value Chain

US-based chemical manufacturer TPC Group is reportedly set to cut at least 100 jobs by the end of April at its petrochemical plant in Port Neches, Texas.

In November, explosions at this facility caused evacuations of up to 60,000 people.

Citing people familiar with the matter, Reuters reported that the firm gave its employees a notice online of its plans to cut jobs at the Port Neches facility.

TPC’s online statement reads: “The company does not expect that we will need employees beyond those necessary to operate as a terminal for more than three to five years.”

TPC did not disclose details of the exact number of layoffs.

Out of a current 140 hourly employees, around 45 will remain as of 30 April, while the salaried employees will be reduced from 34 to 17, the news agency reported.

TPC stated that it will take several years to rebuild the Texas facility, which produces butadiene used in rubber manufacturing.

Negotiations are scheduled to begin between TPC and the employee unions.

United Steelworkers union local 13-228 secretary-treasurer Brent Roy said that the layoffs may be reduced after negotiations.

Roy told the news agency: “We’ve got to prove to them that we need more people than that to operate.”

Source: Chemicals Technology

comments closed

Related News

May 4, 2024

Heikki Malinen appointed as the President and CEO of Neste Corporation

Energy & Chemical Value Chain

Neste Corporation’s Board of Directors has appointed Heikki Malinen, M.Sc. (Econ.), MBA (Harvard) as the President and CEO of Neste as of 2 November 2024, at the latest. Malinen joins Neste from Outokumpu Corporation where he has held the position of President and CEO since 2020.

May 4, 2024

Rossouw to step down as Sasol CFO in October

Energy & Chemical Value Chain

Petrochemicals company Sasol has announced that CFO and executive director Hanré Rossouw will step down from his position, effective October 31. Sasol has started the process to appoint a successor. Rossouw will still oversee the publication of Sasol’s reports for the financial year ending June 30, to allow for a structured handover period.

May 4, 2024

Chemours CFO Jonathan Lock resigns following code of ethics violations

Energy & Chemical Value Chain

Chemours announced its CFO Jonathan Lock has resigned from all positions within the company, according to an SEC 8-K filing on April 23. The resignation comes in the aftermath of the company announcing that Lock, former CEO Mark Newman, and principal accounting officer Camela Wisel, had been placed on administrative leave.

How can we help you?

We're easy to reach