NEW YORK — Invista’s cost-cutting swing reached the U.K. this week, with the synthetic-fiber giant confirming layoffs in three factories there.
In separate statements, Invista said it was cutting 25 percent of the staff of its Gloucester, England, nylon plant by September, 25 percent of the staff at its Wilton, England intermediates factory and 10 to 15 percent of the personnel at its Lycra spandex facility in Maydown, Northern Ireland. No timetable was given for the Wilton or Northern Ireland reductions.
The spokeswoman declined to confirm the number of people affected by the cuts. According to The Citizen of Gloucestershire newspaper, about 220 staffers and contract employees at the Gloucester plant lost their jobs. The Belfast Telegraph reported the firm was trimming 75 jobs at the Maydown plant.
These cutbacks follow last week’s disclosure that Invista was letting go 25 percent of the staff from another nylon plant in Chattanooga, Tenn., and more than half the workers and contract employees at its New York marketing office.
The fiber maker was acquired by Koch Industries Inc. from DuPont on April 30 in a $4.2 billion deal. Invista management has said that cost-cutting will be a top initial priority.
In the statement on the Gloucester cuts, Invista said the layoffs were being made “to reduce costs and to implement efficient business-asset structures.”
— Scott Malone