in this issue
World News and Views :: Top of the News
Air Products Lowers Outlook, Cuts Workforce by 7%
10:39 AM MST | December 16, 2008 | Nancy Seewald
Air Products says it expects to earn 95 cts-$1/share, excluding restructuring charges, in its fiscal first quarter 2009 ending December 31, about 17% below previous estimates of $1.15-$1.21/share. Air Products cites a “significant drop” in demand in its electronics segment, unfavorable currency exchange rates, and temporary customers shutdowns. The company earned $1.19/share in the same period last year. Air Products also announced plans to eliminate about 1,300 jobs, about 7% of its total workforce, and exit certain “small” product lines...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee