Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
Paint manufacturers Akzo Nobel are shedding 3,500 jobs worldwide by 2011 as part of a cost-cutting drive.
The company, who bought ICI in an £8bn deal earlier this year, said the move would lead to extra savings of 100m euros ($144m; £79m).
Most of the job cuts will go in the Decorative Paints business in North America and Europe.
Market conditions have also caused the company to suspend a 1.6bn-euro share buyback programme.
