Styrolution intends to close its 80 kiloton polystyrene production site located in Trelleborg, Sweden.
The first phase of the realignment program will result in a cut of 1,000 positions by the end of 2016.
Manufacturing and assembly processes will be transferred to the production plants in Munich and Sučany (Slovakia).
Efficiency improvements and targeted restructuring will bring annual savings of EUR 100 million from 2015.
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