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Business
Clariant Plans Further Job Cuts
by Michael McCoy
June 29, 2009
| A version of this story appeared in
Volume 87, Issue 26
Clariant is embarking on its second round of job cuts this year. In January, the Swiss specialty chemical maker announced the elimination of about 1,350 positions. Now, the company plans to cut around 500 more jobs, mostly in the administrative area. About 200 of the cuts will be in Europe. A spokesman says the cuts are in response to the economic crisis and are in keeping with the firm's plan to close the performance gap with its peers. Clariant had 20,100 employees at the end of 2008.
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