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Sabic shuts U.K. factory, Toughglass cuts as gas prices double

Post Time:Nov 12,2013Classify:Industry NewsView:46

U.K. glass, plastics, chemicals and cement companies are cutting workers and mothballing plants as energy costs more than double. Huhtamaeki Oyj, the Finnish supplier of packaging to McDonald's Corp., is cutting 160 jobs, or 39 percent of its U.K. workforce. Toughglass Ltd. fired 60 workers, or 55 percent of the employees, according to a July 18 Bloomberg report.

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