IHS Chemical Week

People & Business :: People/Executives

R&H to Cut More Jobs in North America

1:57 PM MDT | September 14, 2007 | Michelle Bryner

Rohm and Haas (R&H) says it will eliminate a further 200 jobs primarily in North America by mid-2008, as part of its ongoing restructuring plans. The job cuts represent about 1.3% of the company’s global workforce. The restructuring includes plans to sell R&H’s digital imaging business at Bristol, PA, move some R&D operations outside of North America, and reduce administrative and manufacturing operations. The restructuring will result in an after-tax charge in the third quarter of $15 million (7 cts/share) related to asset impairment, as...

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