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

SGL Group to cut 300 jobs under restructuring program

5:58 AM MST | December 20, 2013 | —Natasha Alperowicz

SGL Group (Wiesbaden, Germany) has announced details of a restructuring plan involving up to 300 job cuts under the company’s SGL2015 plan. SGL cites losses caused by delays in the development and start-ups of plants in the company’s carbon fiber and composites business and other segments. The restructuring focuses on streamlining management structures and corporate and support functions. Approximately half of the job cuts will be in Germany. Two-hundred and forty positions will go in Europe, 37 in North America, and 16 in Asia. Spending in sales and...

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