- Tyne Tees
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More than 100 jobs are going at SABIC Petrochemicals on Teesside.
The company has seven hundred employees across its operations.
The announcement comes a day after the latest figures show that unemployment is up by 12,000 in the North East.
You can watch the full report from Claire Montgomery below.
Just over 1000 jobs across Europe will be affected by SABIC's announcement.
With more than 100 posts affected on Teesside, the area's Manufacturing Director, Mike Ducker, told ITV News difficult decisions had to be made:
Mr Ducker said the company had begun a consultation process with staff.
He also confirmed that SABIC would attempt to redeploy as many people as possible and provide external support to help workers find other jobs.
110 jobs are to go at the SABIC UK Petrochemicals on Teesside. The company currently employs a 700 strong workforce across its Teesside operations.
A fall in demand for its products as a result of the world-wide recession has lead to the major restructuring programme across its operations in Europe. Fifty contractor agency positions are also being lost.