26 May 2005 16:58 [Source: ICIS news]
HOUSTON (CNI)--Rohm and Haas said Thursday that 70 persons could lose their jobs in the closing of its ?xml:namespace>
The Philadelphia-based company said the plant would be shut in the first quarter of 2006. Its
It said the closing of the plant at Wytheville, 200 miles southwest of
A spokesman said the company will offer to reassign Wytheville employees to the other two power coatings plants or other Rohm and Haas facilities.
Rohm and Haas said the
As a result of the plant closing, Rohm and Haas said it expects to take restructuring charges of $8-10m related to asset impairments and $4m in cash charges related to termination benefits and plant closing costs.
Rohm and Hass is a specialty materials company with operations in 27 nations and sales of more than $8bn/year.
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