Volume 87 Issue 5 | p. 16 | Concentrates
Issue Date: February 2, 2009

... As Clariant Plans Cuts Of Its Own

Department: Business

Tough economic conditions are also forcing Clariant to cut 1,000 jobs and eliminate a dividend payment for 2008. The job reduction follows cuts of 2,200 jobs begun in 2006 and concluded last year. In a preliminary report on its 2008 results, Clariant also revealed that it took a charge of approximately $160 million to prepare for further restructuring measures in 2009, particularly in its leather- and textile-chemicals businesses.

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