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Companies

04.02.2009 NEGRI BOSSI  Losses force change of control / Sacmi managing director Emiliani takes the helm

03.02.2009 CABOT  Additive producer responds to falling demand / Plant closures in Europe / Short-time working in Germany

03.02.2009 INVISTA TEXTILES  UK nylon plant to close with loss of 300 jobs

03.02.2009 SNEP  Arkema process selected for Morocco PVC plant

02.02.2009 LANXESS  Non-managerial employees face reduced working hours and pay cut / Bonuses cancelled and executive pay frozen

02.02.2009 BAYER MATERIALSCIENCE  Work week in Germany reduced to 35 hours as demand slump continues / Pay cut for workers / Managers forfeit raises

02.02.2009 SCHAEFFLER / CONTINENTAL  German government rejects bailout / Fate of merged OEM suppliers in lenders' hands / Reorganisation plans

02.02.2009 MAUSER  Approval granted for IBC joint venture with Spain's Reyde

02.02.2009 FIAT  Italian auto maker acquires 35% of Chrysler / Question over US government USD 3 bn loan

30.01.2009 DOW  Delaware court sets 9 March trial date in takeover dispute / Moody's urges formal delay agreement

30.01.2009 CHEMTURA  Executive committee created / Business realignment

30.01.2009 VISTEON  Automotive supplier considering insolvency filing

30.01.2009 CELANESE  French and Mexican VAM plant closures assessed

30.01.2009 BORSODCHEM  Major Hungarian TDI expansion may be delayed

29.01.2009 CLARIANT  Another 1,000 jobs to go as downsizing continues / “Dramatic deterioration of demand” in Q4 2008

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