Schulman Announces Capacity, Job Reductions; Lowers 2009 Outlook

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...

This information is only available to Chemical Week subscribers.

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

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers