Friday, April 24, 2009

Eastman Chemical Q1 net earnings dip on low sales volume

Plastics and fibers manufacturer Eastman Chemical Co. recorded net earnings at US$2 mln for Q1 - 2009 as against US$133 mln for the same period in 2008. The results included a restructuring charge of US$26 mln for the previously announced reduction in force of approximately 300 people.

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