Tire-market slowdown prompts cutbacks at Trinseo

Berwyn, Pennsylvania – Trinseo SA has announced a ‘reduction in force’ in its synthetic rubber segment in response to a slowdown in the tire market.

The measures will reduce costs by about $2 million (€1.75 million) in 2019, and $3 million/year thereafter, Trinseo said in a 22 Jan financial update.

Trinseo did not give details of the planned actions but posted pre-tax charges of $5 million against them in the fourth quarter.

The restructuring will “more closely align the cost structure of synthetic rubber with the current tire…

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