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People & Business :: People/Executives

Nova Nixes Job-Cut PLan

11:57 AM MST | March 6, 2009

Nova Chemicals has called off a previously announced workforce reduction, according to news reports. Nova announced plans earlier this year to cut 400 jobs, about 15% of its workforce, to counter falling prices and weakening demand. However, because International Petroleum Investment Co. (Abu Dhabi) agreed to acquire Nova Chemicals last month, Nova will reconsider those cuts, reports...

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