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Chemical Week Magazine :: Newsbriefs
Cytec to cut jobs, restructure in industrial materials
7:00 AM MDT | August 9, 2013
Cytec on 31 July announced plans to cut 55 jobs and restructure logistics and planning functions in the companyâ€™s industrial materials division, which comprises the former Umeco. The company will also close a site at Beelitz, Germany, southwest of Berlin. The actions are in addition to a previously announced restructuring that will involve the closure of three sites in California by 2015. The newly announced restructuring in industrial materials should save the company $5.5 million/year starting in the second quarter of...
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