Huntsman to Restructure European Performance Products Division

05 November 2004

Huntsman is to restructure the European surfactants business of its Performance Products division.

The company said the reorganization was part of an on-going effort to carefully examine all aspects of the surfactants business in order to keep it viable in an increasingly competitive environment.

Daniele Ferrari, Performance Products European Vice President, stated: “Our planned initiatives include the implementation of SAP throughout our European operations, continued investment in technology, and the reorganization of manufacturing and support teams. We believe these actions will enable us to continue to meet our business objectives and our customers’ needs.”

The company expects the reorganization to result in the reduction of approximately 320 positions over a period of 15 months, affecting most of its facilities throughout Europe.

The restructuring plans will now be the subject of a detailed consultation process with employees and their representatives at the sites involved.

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