Issue Date: December 7, 2015
Chemours Restructuring To End U.S. Production Of Sodium Metal
Struggling to improve its financial position, Chemours is once again pruning operations. By the end of 2016, the company plans to eliminate 600 jobs worldwide and shut down its sodium and lithium metals facility in Niagara Falls, N.Y., the only such operation in the U.S.
The cutback will allow Chemours, which separated from DuPont in July, to operate more efficiently and concentrate on its core titanium dioxide and fluorochemicals businesses, says CEO Mark Vergnano.
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