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Huntsman to Restructure Textiles Business in Europe

6:38 AM MDT | September 28, 2011

Huntsman says its textile effects division plans to restructure and possibly close its production facilities at Basel, Switzerland, as a result. The restructuring is part of an ongoing strategic program aimed at improving the textile business’ long-term global competitiveness, Huntsman says. The planned restructuring and the possible closures could affect about 600 positions in Basel—with potentially 500 job losses and 100 positions moving to other sites across the organization—to build capability closer to customers. “We need to take bold...

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