The Chemours Company Announces Next Steps in Transformation Plan

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Chemours (CC) Announces Next Steps in Transformation; Plans Headcount Reduction

November 30, 2015 4:32 PM EST

Chemours (NYSE: CC) announced three actions integral to the company's transformation plan.

Chemours announced a global workforce reduction of approximately 400 positions, approximately 5 percent of its total employee and contractor base. This action is part of ongoing efforts to streamline and simplify the structure of the organization worldwide and to reduce costs. As a result of these actions, the company will incur a charge of approximately $45 million in the fourth quarter of 2015. The headcount reduction, expected to be completed during 2016, will affect business lines and functions and is... More