28 August 2009 19:31 [Source: ICIS news]
TORONTO (ICIS news)--Cognis is ending short-time work for its staff in ?xml:namespace>
The company had put workers in
“From end of May, and into June and July, we have seen a notable improvement in orders,” spokeswoman Susanne Sengel told ICIS news in explaining why Cognis would end short-time work.
Cognis earlier this week reported a net loss of €20m ($29m) for the first half of 2009. But it also said that sales volumes had improved sequentially in the second quarter.
Last week, BASF, the world’s largest chemicals company, said it was considering ending short-time work at its production hub in Ludwigshafen, partly due to improved orders. Specialty chemicals producer Altana said earlier that it had largely ended short-time work.
Many German chemicals producers have resorted to the short-time work in past months.
The government-supported programmes enabled them to cut working hours while maintaining staff levels during the current crisis.
($1 = €0.70)
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