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From: peppe51	1/22/2009 9:35:03 AM
	of 8051

1175...Huntsman cuts 1,175 jobs, closes plant The Associated Press NEW YORK -- Chemical maker Huntsman says it will slash 1,175 jobs by the end of 2009, representing more than 9 percent of its work force, in effort to reduce costs as demand slows amid the global economic downturn. The company also plans to cut an additional 490 contractors. Together, these layoffs will result in annual cost savings of about $150 million. The Salt Lake City-based company also is shuttering its titanium dioxide plant located in Grimsby, U.K., as demand for pigments - used in paints and coatings - has waned amid the housing downturn. The closing is expected to save $28 million. Click here to find out more! The plant will stop production in the first quarter of 2009, affecting about 200 full-time employees and contractors. bnd.com

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