Cabot to cut 300 jobs worldwide

Boston, Massachusetts – Carbon black manufacturer, Cabot Corporation, will cut approximately 300 positions globally as part of a restructuring, which aims to save $50 million (€44 million) of costs in 2016 fiscal year, the company announced on 20 Oct.

cabot-logoCommenting on the restructuring plan, Cabot president and CEO Patrick Prevost said the company was “in need of adjusting cost structure to improve our competitiveness”.

Prevost cited a number of challenges for his business, including lower oil prices, slowing…

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