ICI Paints

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
United States, United Kingdom
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20 - Manufacture of chemicals and chemical products
20 - Manufacture of chemicals and chemical products
266 - 300 jobs
Number of planned job losses
Job loss
Announcement Date
4 August 2005
Employment effect (start)
Foreseen end date

Description

Dulux paints and speciality chemicals group ICI reported second quarter profits of £123 million, ahead of expectations. The group said it was planning to cut another 300 jobs as part of its measures to increase efficiency with the bulk of the cuts coming in the US.

Sources

  • 5 August 2005: The Guardian
  • 5 August 2005: Les Echos

Citation

Eurofound (2005), ICI Paints, Internal restructuring in World, factsheet number 62068, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62068.