Solvay to cut 570 jobs as aerospace materials demand drops
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BRUSSELS (Reuters) - Belgian chemical company Solvay said on Friday it was closing two sites of its composite materials business with the loss of some 570 jobs in the United States and Britain as it accelerated its restructuring due to the COVID-19 pandemic.The division, which makes plastics, resins and carbon fibre material for the aerospace industry, had already started a cost-cutting programme due to reduced production of Boeing's grounded 737 MAX plane. However, this was not sufficient to..