Lanxess Plans Modernization, Staff Changes in Fine Chemicals

Lanxess says it plans to invest €30 million ($39 million) to modernize the Leverkusen and Dormagen, Germany plants of the company’s Saltigo fine chemicals subsidiary, and to introduce “new work time models” at the plants. Negotiations are under way with employee representatives, Lanxess says. The measures are required because restructuring has not yet delivered acceptable results at Saltigo, the company says. “Despite higher capacity utilization and a steady increase in earnings in recent quarters, profitability is not yet...

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