NewsFlashSABIC to restructure Europe operations, plans 1,050 job cuts

18 April 2013 10:47  [Source: ICIS news]

LONDON (ICIS)--Saudi Arabian petrochemical major SABIC on Thursday announced it plans to cut approximately 1,050 positions as part of a restructuring programme designed to strengthen its European businesses.

The planned restructuring also includes the shutdown of certain assets. The location of the planned jobs cuts and asset shutdowns were not disclosed.

By: Franco Capaldo
+44 (0)20 8652 3214

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