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Schulman to cut European jobs, sell Australia business

9:44 AM MDT | May 31, 2013

A. Schulman announced a restructuring in its Europe, Mideast, and Africa business, under which the company will reduce its headcount in that region because of economic difficulties in Europe. The reductions are expected to cut costs by about $4 million/year. “Over the past 3 years, these actions have provided more than $6 million in annual run rate savings, and the additional actions we are announcing today are expected to bring that total to approximately $10 million,” said Schulman COO Bernard Rzepka. Schulman has also decided to sell its Australian...

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