Rohm and Haas to Eliminate Another 900 Jobs

Rohm and Haas (R&H) will eliminate a further 900 jobs, about 6% of its workforce, in a second round of cost cuts in seven months. R&H cites a need to “adjust operations and cost structure to reflect the slowing economy and widespread market weakness.” The company also reported that it expects adjusted earnings from continuing operations for the fourth quarter of 2008 to exceed current analyst consensus estimates of 62 cts/share, as reported by Thomson Reuters (New York). The company reported earnings of 91 cts/share in the year-ago quarter...

This information is only available to Chemical Week subscribers.

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

Email Address First Name Last Name

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