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Schulman to cut jobs in Europe, sell Australia business

12:51 PM MDT | May 28, 2013 | Vincent Valk

A. Schulman today announced a restructuring in its Europe, Mideast, and Africa business, under which the company will reduce headcount in that region because of economic difficulties in Europe. The reductions are expected to cut costs by about $4 million/year.   "Since 2010, we have executed a series of cost reduction programs in Europe," said Schulman COO Bernard Rzepka. "Over the past 3 years, these actions have provided more than $6 million in annual run rate savings, and the additional actions we are announcing today are expected to...

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