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…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with