In a bid to cope with deteriorating demand amid global market weakness, Rohm and Haas Co. plans to cut 900 jobs to adjust its operations and cost structure. A Q4, pre-tax restructuring charge of about US$90 mln will be the outcome of this step, and it will deliver a pre-tax run-rate savings of about US$90 million. Employee salaries and discretionary spending for 2009 have been frozen by the company, as it mulls closure or idling of under-utilized plants.
21-Jan-09 
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