People & Business :: Companies
Tronox Cuts Jobs, Takes Charge
12:44 PM MDT | May 27, 2008 | Chemical Week Editorial Staff
Adams: Further cost-cutting sought. Tronox (Oklahoma City) says it will reduce its U.S. workforce by about 68 full-time employees, approximately 13% of its total, and suspend certain employee benefits as part of a cost-cutting initiative. The company says it expects to take a charge of $4 million-$5 million in the second quarter for severance and other termination benefits, and that it expects to yield full-year 2008 savings of about $9 million from reduced selling, general, and administrative costs. Production difficulties at Tronox’s Uerdingen, Germany...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee