Indorama pushing union for job cuts at Texas, plant: sources By Reuters

Indorama pushing union for job cuts at Texas, plant: sources

Stock MarketsFeb 11, 2021 09:25PM ET

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Indorama pushing union for job cuts at Texas, plant: sources

HOUSTON (Reuters) - Indorama Ventures PCL is pushing the United Steelworkers (USW) local union representing about 300 workers at its Port Neches, Texas, petrochemical plant to agree to job cuts, said sources familiar with the matter.

The Bangkok-based chemicals producer is seeking the elimination of 10-12 positions, which is feared be a first step to more cuts, the sources said.

“We’re a year into this pandemic and they want us to cut jobs,” one of the sources said.

An Indorama spokeswoman declined to comment on Thursday.

Indorama purchased the Port Neches plant in January 2020 from Huntsman (NYSE:HUN) Corp as part of $2 billion deal for five plants.

Total employment at the plant, which manufactures propylene oxide, is about 600 people.

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Indorama pushing union for job cuts at Texas, plant: sources

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