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

Lanxess to cut 1000 jobs over two years

11 November 2014 Business

news image

Agrium also cutting 500 positions and divesting underperforming business segments

Huntsman looks to cut jobs and titania capacity

8 December 2014 Business

news image

900 employees face axe as firm evaluates titanium dioxide options

Most Commented

The nuclear danger of iodine

20 May 2015 Comments

news image

It may not be an element you think of as problematic. But, as Mark Foreman explains, iodine causes very complicated problems ...

All set for chemistry

15 May 2015 Feature

news image

Chemistry sets through the years have both weathered and reflected many changes in science and society, as Philip Ball discov...