Schulman Restructures European and Mexican Operations, Cuts Costs

Schulman says it will cut 104 jobs and reduce capacity by 5% to reduce selling, general, and administrative costs. The restructuring, which will primarily take place across Schulman’s European and Mexican operations, is expected to be completed by the end of its fiscal third quarter ending May 31, it says. The moves are in addition to cost-cutting efforts announced last year that included capacity reductions and job cuts in Europe and North America (CW, Dec. 15, 2008, p. 6). The most recent actions “are intended to keep Schulman’s international...

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