Eastman Chemical Company to Reduce Non-Operations Labor

December 2nd, 2015 by Editor

Fotolia_42612515_LEastman Chemical Company expects to reduce non-operations labor by up to 5 percent worldwide, which includes cutting 300 to 350 employees, according to a company statement.

“Eastman does not as a practice disclose specific plans within a given business,” Travis Smith, vice president and general manager of Eastman Performance Films, says. “But as a global leader in aftermarket window films and protective films, Eastman remains committed to enabling the growth and success of our dealers and partners around the world.”

The reductions comes as the company faces challenges due to slow global economic growth, according to management.

“In particular, the industrial recession is making it difficult for companies such as Eastman to generate growth, and as a result, many companies in a number of industries are taking additional actions to reduce costs,” according to a statement released by the company. “At Eastman, we have done an outstanding job the last several years offsetting headwinds through organic growth, acquisitions and diligent cost management and productivity improvement efforts.”

The job reductions will be managed primarily through a “targeted voluntary separation program, not filling some open positions, and by leveraging normal attrition and performance management,” according to the statement.

“Employees can expect to know more in the next several weeks regarding the voluntary program,” based on the statement.

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