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From: peppe51	1/20/2009 9:02:00 AM
	of 8051

900...Rohm and Haas plans to cut 900 jobs Tuesday January 20, 8:30 am ET NEW YORK (Reuters) - Rohm and Haas Co (NYSE:ROH - News) said on Tuesday it plans to cut 900 jobs, freeze employee salaries and restructure its manufacturing base, in a bid to tackle the slump in demand and widespread market weakness. The chemical maker, which is in the process of being acquired by Dow Chemical Co (NYSE:DOW - News), said the moves build on the restructuring actions the company announced in June 2008. At the time, Rohm and Haas said it would reduce production and cut about 925 jobs. The new round of restructuring and job cuts is expected to generate about $90 million in annualized savings. The actions will also result in $90 million in pre-tax restructuring and asset impairment charges in the fourth quarter of 2008. biz.yahoo.com

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