Rhodia Acetow cuts costs with Freiburg job losses

18 December 2007 11:15  [Source: ICIS news]

MUMBAI (ICIS news)--Rhodia plans to cut 129 jobs at its Acetow cellulose acetate plant in Freiburg, Germany due to the weakening US dollar which is hurting the business's competitivity, the French company said on Tuesday.

The specialty chemical manufacturer said that most of the job cuts at the plant will be made through early retirement.

At presents the plant employs about 839 people, the company spokesperson said.

Rhodia said it has initiated an extensive cost-saving programme to improve the competitiveness of its cellulose acetate business and refocus  on research and development.

By: Aaron Rodrigues
+65 6780 4359

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