Saudi Arabia Basic Industries Corp (SABIC) has posted a Q1-net loss of 974 mln riyals (US$259.3 mln). Company’s performance has been affected by deteriorating petrochem demand as a result of the globaal economic downturn.
For more details on 1600 job cuts result from SABIC’s restructuring plans click here
Wednesday, April 22, 2009
1600 job cuts result from SABIC’s restructuring plans
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