IHS Chemical Week

Chemical Week Magazine :: Top of the Week

LyondellBasell Increases Cost-Reduction Target; Cuts Jobs and Closes Plants

7:43 AM MDT | April 13, 2009 | NATASHA ALPEROWICZ

LyondellBasell says it will cut more than 3,000 jobs, about 17% of its total workforce, and reduce the number of its outside contractors by 2,000, almost 30% of the total. The rationalization includes the closure of 20 offices and R&D sites, as well as at least 10 manufacturing plants. Most of the measures have been announced or completed, the company says. The moves are designed to enable LyondellBasell to achieve an increased, annualized fixed-cost reduction target of $700 million by the end of 2010. The target is part of a total annualized cost-improvement...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa