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    Clariant plans 1,000 job cuts amid divestments

    Synopsis

    "The rightsizing programme 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," the company said, adding it would book a provision of around 70 million Swiss francs ($76.9 million) in the fourth quarter for the programme.

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    ZURICH: Clariant AG plans to cut around 1,000 jobs as it slims down amid a series of divestments, the Swiss speciality chemicals company said on Wednesday.

    "The rightsizing programme 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," it said, adding it would book a provision of around 70 million Swiss francs ($76.9 million) in the fourth quarter for the programme.
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