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Meltdown: Thousands of jobs to go globally!
October 1, 2008
AkzoNobel to cut 3,500 jobs
AkzoNobel, the Dutch chemicals giant, will cut 3,500 jobs across its global operations and will save close to $200 million dollars.
AkzoNobel has recently taken over paints major Imperial Chemical Industries (ICI). AkzoNobel has recently also divested its pharma unit Organon to US-based Schering-Plough Corp.
Image:Swedish-Dutch chemicals group AkzoNobel chief executive Hans Wijers addressing a press conference. | Photograph: Bertrand Langlois/AFP/Getty Images
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