People & Business :: Companies
Rohm and Haas Accelerates Restructuring Amid U.S. Weakness
2:09 PM MDT | June 23, 2008 | Robert Westervelt
Rohm and Haas (R&H) says it will cut about 925 jobs, 6% of its workforce, to restore profitability in its North American chemical business. R&H says it will reduce 30% of installed capacity in its emulsions network in North America, cut overhead costs in its specialty materials group, and shift more infrastructure for its electronic materials to Asia. Gupta: Accelerating implementation. Most of the cuts are targeted at R&H’s North American chemical business, which is heavily exposed to the U.S. building and construction sector and continues to...
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