LyondellBasell cutting jobs, closing plants
HOUSTON (Reuters) – LyondellBasell, the world’s third-largest petrochemical company whose U.S. operations are under bankruptcy protection, said on Wednesday it would cut 3,000 jobs, or 17 percent of its workers, and reduce expenses by an additional $500 million by 2010.
LyondellBasell Industries, based in Rotterdam, the Netherlands, said it planned to reduce its contract workers by 30 percent, or 2,000, and close 10 plants and 20 offices.
Read more via LyondellBasell cutting jobs, closing plants | Reuters.