People & Business :: People/Executives
Schulman Announces Capacity, Job Reductions; Lowers 2009 Outlook
10:17 AM MST | December 15, 2008 | Chemical Week Editorial Staff
A. Schulman says it will reduce capacity and jobs in Europe and North America as it copes with the “increasingly difficult and unprecedented global economic slowdown.” The company will permanently shut down an engineering plastics line at Bellevue, OH, and temporarily idle another at Nashville. These shutdowns will reduce total production capacity by 50% and result in the loss of 60 jobs, Schulman says. A further 21 jobs are expected to be cut in its engineering plastics sales, marketing, technical support, and administrative functions. The cuts will...
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