Clariant loses 570 more jobs and shuts plants

Clariant, the Swiss specialty chemicals group, has announced to fire about another 570 jobs and is closing sites in France, Britain, Mexico and Germany.

The company has declared more than 2,000 job cuts this year in a restructuring program. It makes pigments for a wide range of products from textile to cars.

The company said, “It would continue to identify further optimization potential.”

According to the statement issued by the company, it expected the present restructuring measures to be completed between 2011 and 2014 at the costs of around SFr 150 million ($148.1 million).

Further, the company revealed that it has struggled against falling demand in the economic downturn and lower cost compaction from Asia.