Archives for March 27, 2011

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BASF cuts jobs in Cognis integration

By Jess Halliday

BASF has announced plans to reduce its workforce by 450 by the end of 2012, as it progresses with its integration of Cognis and works towards its growth goal of €135m EBIT by the end of 2015.

Raw material price hikes hit Swedish confectioner Cloetta

By Jane Byrne

Ongoing high prices for raw materials including cocoa, milk powder, sugar and wheat and a decline in contract manufacturing sees Swedish confectionery group Cloetta reporting second-quarter sales loss and falling first-half earnings.