IHS Chemical Week

People & Business :: Companies

Clariant to Cut 1,000 Jobs as Revenues Decline

12:14 AM MST | January 28, 2009 | Natasha Alperowicz

Clariant says it will reduce headcount by 1,000, 5% of its total workforce, as part of a new savings plan announced today. The move aims mainly to reduce costs in the sales, general and administration areas and is in response to deteriorating trading conditions. Clariant's sales in 2008 were SF8.1 billion ($6.9 billion), down from SF8.5 billion in the previous year. Full year guidance on Ebit and cash flow "was met with an operating margin before exceptionals in the range of 6.5% to 6.8% and a cash flow from operations of approximately SF400 million,"...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2014 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa