IHS Chemical Week

Regions :: China

Chemtura Reorganizes Business, Cuts Jobs

10:30 AM MDT | July 27, 2007 | Michelle Bryner

Chemtura says it will eliminate approximately 620 jobs, or 10% of its global workforce, as part of a restructuring plan to improve performance and accelerate growth. Chemtura anticipates the workforce reduction to result in about $50-million/year in cost savings beginning in 2008. The company says it expects to record charges related to the restructuring of $25 million-$35 million in the first or second quarter. Wood: Better insight into customer needs. The cutback comes after several quarters of poor earnings. The company reported a loss from continuing...

This information is only available to Chemical Week subscribers.


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

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

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




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa