Americas top stories: weekly summary
ICIS Editorial
30-Jan-2023
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 27 January.
Goodyear job cuts follow others in chem industry
In a measure that it says will save $55m, Goodyear Tire & Rubber announced plans on Friday to eliminate about 500 jobs, in response to weakening demand and inflation concerns.
US’ Eastman plans 3% cut in global workforce, closure of Europe acetate yarn site
US specialty chemicals producer Eastman is looking at trimming its global workforce of more than 14,000 personnel “by about 3%” as part of its $200m cost-cutting programme, a company spokesperson told ICIS.
Urea market paralysed as buyers yet to surface
Urea prices are trading close to two-year lows in several markets on the back of abundant supply and little demand.
Dow to cut jobs, close plants in latest cost saving drive, with focus on Europe
Dow plans to cut 2,000 jobs from its workforce and close plants, potentially in Europe, as part of its $1bn 2023 cost saving drive, it said on Thursday.
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