THE WOODLANDS, TX – In an effort to improve the global competitiveness of its pigments and additives business, Huntsman Corp. announced a restructuring program in which the company plans to reduce its workforce by approximately 900 positions. Annual cost savings are expected to be approximately $130 million and will be achieved by the middle of 2016.
Separately, Huntsman is evaluating titanium dioxide capacity reduction options within its pigments and additives business.