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People & Business :: People/Executives
Rohm and Haas to Eliminate Another 900 Jobs
1:27 PM MST | January 23, 2009 | robert westervelt
Rohm and Haas (R&H) will eliminate a further 900 jobs, about 6% of its workforce, in a second round of cost cuts in seven months. R&H cites a need to “adjust operations and cost structure to reflect the slowing economy and widespread market weakness.” The company also reported that it expects adjusted earnings from continuing operations for the fourth quarter of 2008 to exceed current analyst consensus estimates of 62 cts/share, as reported by Thomson Reuters (New York). The company reported earnings of 91 cts/share in the year-ago quarter...
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