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

Amgen stacks up additional job cuts

28 October 2014 Business

news image

Up to 1100 more staff face redundancy in ongoing restructuring plan

Most Read

Isotope effect produces new type of chemical bond

22 October 2014 Research

news image

Evidence emerges for vibrational bond first proposed 30 years ago

DNA 'barcodes' used to track food

30 October 2014 Research

news image

Milk has been successfully tracked as it is turned into cheese and yogurt in an advance that could fight food fraud

Most Commented

Square planar iron complex breaks inorganic dogma

31 October 2014 Research

news image

Unusual spin state could open the door to new and exciting chemistry

Indian U-turn on diabetes drug ban

16 August 2013 News and Analysis

news image

Suspension of cheap and popular medicine reversed but will now come with new safety warnings