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Plans to reduce its workforce by approximately 900 positions
December 10, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
Huntsman Corporation has announced that it is taking significant action to improve the global competitiveness of its Pigments and Additives business. As part of a comprehensive restructuring program, Huntsman plans to reduce its workforce by approximately 900 positions. Annual cost savings are expected to be approximately $130 million and will be achieved by the middle of 2016. Separately, Huntsman is evaluating titanium dioxide (TiO2) capacity reduction options within its pigments and addit...
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