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Lanxess cuts 1,000 jobs in new restructuring

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Thermoplastic and rubber materials producer Lanxess AG has announced a major restructuring which will lead to 1,000 jobs being cut at its worldwide operations by the end of 2015. The Cologne, Germany-headquartered group will exit from non-core elastomer and monofilaments businesses in the restructuring, which it hopes will achieve 100 million euros in annual savings.

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