Employment News
Eastman Chemical to Dissolve Up to 300 Jobs
By Erik Even | Dated: 03-09-2009
Eastman Chemical will cut between 200 and 300 jobs, or up to 3% of its work force.The job cuts will take place in the next four to six weeks, and the company expects a $30 million restructuring charge in the current quarter.
Kingsport, Tennessee’s Eastman has been struggling for more than a year, as profit margins began due to rising raw material costs. Tough competition in the markets for basic chemicals keep margins low.
The Eastman Chemical Company manufactures and sells chemicals, fibers, and plastics. Eastman has 16 manufacturing sites in 10 countries. Founded in 1920, Eastman is a Fortune 500 company with 2007 sales of $6.8 billion, and approximately 10,500 employees.
Career Connect (From our other career blogs):
- Employment News (Sponsored by EmploymentSpectator)
- Following Your Passion-Literally! (Sponsored by iamnotastalker.com)
- Job Search Advice from the CEO of TravelingCrossing (Sponsored by aharrisonbarnes.com)
- Layoff News (Sponsored by LayOffWatch)
Sign Up now
Only TravelingCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.
- We have more jobs than any other job board.
- We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
- We collect jobs from more than 4,429,376 websites and post them on our site.
- We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.
