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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Perstorp restructures, cuts jobs

1:27 PM MST | February 24, 2014 | —Natasha Alperowicz

Perstorp (Perstorp, Sweden) says it has introduced a business model that includes a new organizational structure and new management team together with a cost-competitiveness program. The changes follow an extensive “self-examination” to unlock Perstorp’s full potential, the company says. The restructuring will lead to the loss of 111 jobs, about 7% of the group total, 62 of which will be in Sweden. The transformation follows extensive work carried out by management, consultants, and employees, says Jan Secher, Perstorp president and CEO...

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