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CHIMIE HEBDO: US and Europe: chemicals producers cut their workforces as results fall.
This item describes poor 1H 2001 results and subsequent plans for job losses for big chemicals producers in the US and Europe.
In Germany, BASF and Bayer saw operating profits fall (figures given), with a cost of EUR 600-650 M in 2001 for Bayer following the withdrawal of Baycol/Lipobay.
Results are given for 8 US producers.
DuPont made $213 M net loss in 2Q 2001, and expects 3Q 2001 to be even worse.
Turnover fell 12% to $7.8 bn, with demand especially poor from the electronics, automobile, textiles and chemicals industries (some details given in this item).
The group is to increase its job loss plans from 1500 to 5500, which is …
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