TITLE

ICI to sell Uniqema and cut 2300 jobs

AUTHOR(S)
Robinson, Simon
PUB. DATE
May 2006
SOURCE
ICIS Chemical Business;5/8/2006, Vol. 1 Issue 18, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of ICI to sell its oleo-chemicals business Uniqema and cut about 2300 jobs over the next five years announced after releasing its first quarter financial results in May 2006. The restructuring plan will involve some layoffs, greater group integration and efficiency and overhead reduction initiatives. The company's first quarter operating profits increased to £117 million compared with the first quarter of 2005.
ACCESSION #
20864462

 

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