A. Schulman Inc. says it will cut about 60 jobs, primarily middle management, that will save it millions of dollars annually as part of a business segment reorganization.
The Fairlawn polymer company announced the changes Monday in a filing with the federal government.
According to the filing with the Securities and Exchange Commission, the segments and anticipated job totals are:
• Europe, Middle East and Africa - 42 positions
• United States and Canada - 15 positions
• Asia Pacific - 2 positions
• Latin America - 1 position
The company said its Engineered Composites segment is not part of this reorganization. A. Schulman makes resins and compounds used in numerous industries.
The job eliminations are expected to save A. Schulman Inc. between $5 million and $6 million annually. The company has about $2.5 billion in annual revenue.
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A. Schulman to cut 60 jobs, primarily middle management
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