Ashland cuts jobs in global reshuffle


Speciality chemicals maker Ashland is planning a major shake-up of its global operations that will result in 800-1000 job cuts and 800-1000 more positions relocating to ‘existing, lower-cost regional centres of excellence, both in the US and abroad’.

The company is already in the process of selling off its water technologies division, and plans to divest its elastomers business later in the year. The remaining segments will be reorganised in an effort to reduce costs and improve margins and regional flexibility. ‘We intend to be a smaller, more agile organisation with better cost control, improved visibility and greater accountability. As a result, we will be better positioned to meet the evolving needs of the marketplace,’ said chief executive James O’Brien.


Related Content

Business roundup

28 November 2011 Business

news image

Industry news, December 2011

Dow Corning to reduce roster by 500

10 January 2013 Business

news image

Company says it must respond to oversupplied markets, high raw materials costs and poor growth in many regions

Most Read

No-frills coats set a trend for designer viruses

26 August 2014 Research

news image

An artificial protein that self-assembles around and protects DNA could be ideal for gene therapy, nanomachines and synthetic...

History of King Richard III written in his teeth

18 August 2014 Research

news image

Chemical analysis of isotope signatures in monarch's remains provide insight into his life

Most Commented

The energy to fight injustice

23 July 2014 Comments

news image

Giving the world carbon-free energy means putting nuclear energy back on the agenda, says James Hansen

Next Mars rover will make oxygen from CO2

4 August 2014 News and Analysis

news image

Mars 2020 will set Nasa’s space exploration on a self-sufficiency course