Lanxess records solid quarter, implements first phase of realignment

Cologne, Germany – German chemical giant and the world’s number 1 maker of synthetic rubber, Lanxess, confirmed today its plans to cut 1,000 jobs, aiming to make €150 million annual savings.

In a press release on 6 Nov Lanxess said it would cut about 1,000 jobs, equivalent of 6 percent of its workforce by end of 2016.

Lanxess sales had remained steady at €2.04 billion in the third quarter of 2014, with only 0.5 percent drop compared to the same period last year. The statement said the…

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