One of the two float furnaces at AGC Glass Europe's site in Boussois, France will be closed.
The flat glass manufacturer said the furnace had been on hot hold since April 1 as a result of the decline in glass demand due to the coronavirus.
The closure will result in 90 job losses out of the 220 staff. The group said it was now feeling the full impact of the economic crisis which has affected the construction and automotive glass manufacturing industries.
This has led to acute overcapacity, falling prices and a marked deterioration in the group's result overall.
It said: "In the absence of prospects for recovery in the medium term, and despite the remarkable efforts towards productivity and diversification made by all the Boussois personnel, the group sees itself forced to bring its manufacturing capacity into line with the current market situation."
The Boussois site (pictured) celebrated its 120th anniversary in 2018.
08.10.2020, AGC Glass Europe
Notícias sobre o material do site é copyright e pertence à empresa ou ao seu fornecedor de terceiros notícia, e todos os direitos reservados. Qualquer usuário que acessa esse material poderá fazê-lo apenas para seu próprio uso pessoal, bem como a utilização desse material é de risco exclusivo do Utilizador. A redistribuição ou exploração comercial de material tal notícia é expressamente proibida. Se tal notícia material é fornecido por um terceiro, cada utilizador concorda em observar e estar vinculado aos termos específicos de utilização aplicáveis a material notícia. Nós não representamos nem endossamos a precisão ou confiabilidade de qualquer informação contida em qualquer notícia ou sites externos referidos na notícia.
Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.