Swiss specialty chemicals giant Clariant AG cuts 1,000 jobs midst divestments

On Wednesday, Swiss speciality chemicals giant Clariant AG stated, it plans on cutting nearly 1,000 jobs as it tappers down midst a series of divestments.

“The rightsizing program foresees a reduction of approximately 1,000 positions in service and regional structures. Approximately one third of the reductions will be included in the divestment transfers,” said Clariant while adding that it would a provisional $76.9 million (70 million Swiss francs) during the fourth quarter of the program.

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