Thursday, January 29, 2009

Clariant post 5% dip in sales, axe 1000 job positions to adjust to downturn

Clariant, a leading specialty chemical company posted a 5% slide in its 2008 full year sales standing at CHF 8.1 bln as against CHF 8.5 bln in 2007. On local currency, sales moved up 1%. The company aannounced to further trim jobs by 1000 personnels, particularly in the Selling, General and Admistrative (SG&A) areas.

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