IHS Chemical Week

People & Business :: Companies

Lanxess to cut jobs, reduce pay, sell assets because of weak rubber demand

11:25 AM MDT | September 18, 2013 | Natasha Alperowicz in Cologne

Lanxess today announced a series of measures aimed at improving the company's competitiveness following a period of weak demand for synthetic rubber, which has led to a major drop in earnings this year. The company aims to achieve annualized savings of €100 million ($133.5 million) from 2015 under a new cost-cutting program called Advance, through efficiency improvements, and targeted restructuring. A result will be a workforce reduction of about 1,000—roughly 6% of the company's total. In Germany, the job cuts under the cost-savings program...

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