Solvay SA (GB:0NZR) has released an update.
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Solvay SA is set to halt TFA and derivatives production at its Salindres site in France, citing persistent financial losses and market downturns. This move, planned between early 2025 and October 2025, will lead to the cut of 68 jobs and result in a €50 million provision for Q3 2024, with no change to the 2024 EBITDA and FCF forecasts.
For further insights into GB:0NZR stock, check out TipRanks’ Stock Analysis page.
