Sterling Chemicals to cut jobs over styrene business exit
Tue Nov 13 22:25:31 UTC 2007
Nov 13 (Reuters) - Petrochemical products maker Sterling Chemicals Inc said it plans to cut its workforce over the next nine months in connection with its exit from the styrene business.
Houston-based Sterling said the closure costs of the styrene facility are expected to be $10 million to $15 million, which include the payment of employee severance costs and decommissioning costs.
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