IHS Chemical Week

People & Business :: People/Executives

Henkel to Cut Jobs, Sell Ecolab Stake

1:55 PM MST | March 3, 2008 | Chemical Week Editorial Staff

Baker: Ecolab share buyback possible. Henkel says it will shed about 3,000 jobs, about 6% of its total workforce, as part of a global cost-cutting initiative. The company cites “changing market conditions, especially with regard to ever stronger competition and increasing cost pressure.” The move is expected to yield annualized cost savings of €150 million by 2011. The restructuring is likely to entail “a lot of small measures” across all regions and business units, Henkel says. The company anticipates total restructuring charges of...

This information is only available to Chemical Week subscribers.


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

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


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

ihsCopyright © 2015 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