Akzo Nobel said it may cut more jobs in its coatings and pharmaceutical businesses in addition to previously announced reductions, according to news reports in Europe.

Akzo Nobel, Arnhem, The Netherlands, said it may cut more jobs in its coatings and pharmaceutical businesses in addition to previously announced reductions, according to news reports in Europe. The company declined to provide specifics on the number of possible job cuts or when an announcement would be made. Akzo Nobel launched a cost-reduction program last year in its coatings and chemicals businesses. The company initially said it would cut 2,000 jobs in the coatings unit, and said recently that 700 coatings positions had been eliminated.