Switzerland-based Clariant is the latest chemicals company to take out the scalpel, reports Forbes.com. This week it announced an additional 1,000 layoffs, mainly in administration and sales, as a fresh cost-cutting measure after a rough quarter. The company said that if conditions worsen, more jobs could be cut. Clariant said its oil services and agriculture divisions were holding up well.
Mosaic, Potash Corp, DSM, BASF, and Lanxess have already made job cuts in a depressed environment for their products.