IHS Chemical Week

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Lonza focuses on cost improvement measures; to cut 500 jobs

1:20 AM MDT | October 31, 2012 | Deepti Ramesh

Lonza, in its business update announcement for the third quarter of 2012, says that it will make further efforts to improve the profitability of the company's site at Visp, Switzerland, and that these measures will result in 400 job cuts at the site within 2 years. Lonza currently employs about 2,890 people at the site. The company also initiated a review of corporate functions structure to optimize and adapt corporate service offerings and to realize savings, and this program will lead to a reduction of an additional 100 positions worldwide over the next 2...

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