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Rohm and Haas Cuts 200 Jobs
Sep 2007
PHILADELPHIA, Sept 6, 2007 -- Specialty materials provider Rohm and Haas Co. announced Tuesday it will close its digital imaging business in Bristol, Pa., as part of a restructuring plan, eliminating 200 jobs.

The imaging business makes materials used in laser printer ink and generates only a tiny portion of its annual revenues, the company said.

Philadelphia-based Rohm and Haas' major business groups include specialty materials, electronic materials, paint and coatings and packaging and building materials. The company announced in April that it was buying Kodak's light management films business (See "Kodak Selling Unit to Rohm and Haas" )

Under the restructuring plan, Rohm and Haas said it will also reduce administrative and business service operations and move some research and development positions to "faster growth regions outside North America." The company said restructuring will save the company $15 million a year once it is completed in mid-2008.

The company eliminated 329 positions, primarily in its coatings and salt businesses in North America, in 2006. In 2005, it closed or partially shut down manufacturing facilities in North America, the United Kingdom and Germany and eliminated approximately 590 jobs companywide as part of the restructuring plan, according to Rohm and Haas' 2006 annual report.

The company said the impact of the Bristol closing on its third quarter earnings is expected to be approximately 7 cents per share.

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That branch of science involved in the study and utilization of the motion, emissions and behaviors of currents of electrical energy flowing through gases, vacuums, semiconductors and conductors, not to be confused with electrics, which deals primarily with the conduction of large currents of electricity through metals.
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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