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Nova to Cut 90 Jobs in Europe and the U.S.

1:51 PM MDT | June 6, 2007 | Chemical Week Editorial Staff

Nova Chemicals says it will eliminate 90 positions in Europe and the U.S. as part of a long-term plan to focus on core businesses and cut costs. The job cuts will include manufacturing, technology, and sales and marketing positions at the company’s polymer plants at Beaver Valley, PA and Belpre, OH, as well as sales and marketing offices at Auburn Hills, MI and Frankfurt, Germany, the company says. The actions are expected to result in cost savings of $12 million/year. Nova says it will take an after-tax charge of approximately $6 million in the second...

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