TITLE

Ferro restructure leads to job cuts

AUTHOR(S)
Chang, Joseph; Gibson, Jane
PUB. DATE
January 2007
SOURCE
ICIS Chemical Business;1/22/2007, Vol. 2 Issue 50, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of U.S. specialty chemicals producer Ferro to capture significant cost savings and boost capital spending in 2007, as it refocuses on growth, according to chief executive officer (CEO) James Kirsch. As part of the cost saving, Ferro is restructuring its European color and glass performance materials business, and its electronic materials unit. The restructuring will include cutting 500-600 workers in its European color and glass operations, and 100-150 in electronic materials.
ACCESSION #
23977552

 

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