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Chemical company Clariant is in the middle of a restructuring that involves the sale of around a third of the entire business. In order for the future smaller company to also have a suitable suit, the company has to be redesigned.
A so-called “restructuring program” calls for the reduction of about 1,000 jobs in the service and regional structures, Clariant said in a statement Wednesday. About a third of the decommissioning is done by selling parts of the business that has already been done.
The reduction should also occur through natural fluctuations and should extend for a maximum of two years. For the reduction, Clariant will establish a provision of the order of 70 million francs, explained the company.
According to Clariant, a previously announced efficiency program is “in full swing.” By the end of 2021, around 600 jobs would be eliminated in this program. The goal is to reduce costs by about 50 million francs.
