Huntsman to slash workforce by 900 for $130m annual saving

By Kasia Patel
Published: Monday, 01 December 2014

Huntsman, whose recent $4bn acquisition of Rockwood’s pigment division makes it the second largest TiO2 producer globally, is rolling out a restructuring programme to improve the competitiveness of its pigments business. At the same time, the company is considering capacity reduction options, as it believes prices will continue to decline.

Titanium dioxide (TiO2) producer Huntsman Corp. is to cut its workforce by around 900 positions to improve the global competitiveness of its pigments and additives business.

The restructuring programme is estimated to save the company $130m annually, and is expected to be completed by mid-2016.

Huntsman received final go-ahead for...

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