Chemical Week Magazine :: Newsbriefs
Henkel to Cut Jobs, Sell Ecolab Stake
1:55 PM MST | March 3, 2008 | Chemical Week Editorial Staff
Baker: Ecolab share buyback possible. Henkel says it will shed about 3,000 jobs, about 6% of its total workforce, as part of a global cost-cutting initiative. The company cites “changing market conditions, especially with regard to ever stronger competition and increasing cost pressure.” The move is expected to yield annualized cost savings of €150 million by 2011. The restructuring is likely to entail “a lot of small measures” across all regions and business units, Henkel says. The company anticipates total restructuring charges of...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee