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

Better batteries with pure lithium anodes

28 July 2014 Research

news image

Protective carbon nanosphere coating overcomes lithium problems, pointing the way to improved capacity

Takeover battle pushes Allergan to cut R&D jobs

28 July 2014 Business

news image

Besieged by serially acquisitive Valeant, the Botox maker will lay off 1500 staff to propel earnings growth

Most Commented

Bubble wrap could send lab costs packing

23 July 2014 Research

news image

Potential bubbles up across wide range of uses as storage and test vessels, especially for poor countries

Relativity behind mercury's liquidity

21 June 2013 Research

news image

First evidence that relativistic effects are indeed responsible for mercury's low melting point