Clariant to slash 1,000 jobs - Breaking The News

Clariant to slash 1,000 jobs

25 November

1 min read

EPA/GEORGIOS KEFALAS

Swiss multinational chemicals company Clariant announced on Wednesday its rightsizing program that would result in the reduction of 1,000 positions in the service and the regional structures of the company.

According to the official press release, the company decided to save 70 million Swiss francs (approximately $76.8 million) from operations that will stop in the fourth quarter of 2020. The program will take place over a maximum of two years.

Clariant is already implementing another efficiency program that includes the discontinuation of approximately 600 positions and the cost savings of nearly 50 million Swiss francs until the end of next year.

job cuts clariant

Related Stocks

Clariant

Starmer seeks savings as Reeves plans 10,000 jobs cuts

24 March

UK Prime Minister Sir Keir Starmer said Monday that his government is examining spending reductions across various departments ahead of Wednesday’s fiscal statement. "We're not going to alter the basics, but we are going to look across," he told BBC Radio, emphasizing efforts to improve efficiency.Starmer stressed the need for the government to match businesses in adopting AI and technology for efficiency. "I think we're essentially asking businesses across...

NASA reportedly mulls closing DC HQ, cutting 2,500 jobs

21 March

The National Aeronautics and Space Administration (NASA) is considering closing its headquarters in Washington DC, and redistributing its responsibilities across various states, a proposal that could impact up to 2,500 jobs, according to Politico on Friday, citing two sources familiar with the plan.The move aligns with the Trump administration's push to cut federal spending. While most of NASA's operations are conducted at its 10 centers, the Washington office plays...

US Small Business Administration to cut 43% of staff

21 March

The US Small Business Administration (SBA) unveiled a major reorganization plan on Friday that includes a reduction of the SBA's workforce by 43%, eliminating non-essential positions and returning to pre-pandemic staffing levels. This move aligns the agency with President Donald Trump's economic priorities and confirms previous reports.SBA Administrator Kelly Loeffler criticized the agency's previous expansion, calling it a shift from its mission to a...

SBA said to plan to reduce workforce by over 40%

21 March

The Small Business Administration (SBA) is planning to lay off more than 40% of its workforce, the Wall Street Journal (WSJ) reported on Friday, citing people familiar with the plans.According to sources, the plan seeks to restructure the SBA and bring the number of employees back to pre-pandemic levels, eliminating approximately 2,700 positions. At the same time, planned staff reductions will target non-essential roles and will also allow for the possibility of...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.