Clariant to slash 600 jobs as profit plunges, outlook dims

ZURICH (Reuters) - Clariant is cutting up to 600 jobs after 2019 profit plunged, as the Swiss speciality chemicals maker braces for a sluggish economic environment and adverse foreign exchange conditions this year, it said on Thursday. Its shares were indicated about 1% higher before the market open , with the Muttenz-based company forecasting the job reductions over two years would reduce costs by 50 million Swiss francs (£39.4 million) annually and boost profitability.Net profit in 2019..