Saint Gobain to raise new capital, cut jobs

February 20 2009 19:08:26

Saint Gobain to raise new capital, cut jobs

Agence France-Presse

Saint Gobain said in a statement that the capital, which would be raised with the creation of 108 million new shares, "aims to reinforce the financially flexibility of the group." "There will be workforce reductions in 2009," a Saint Gobain spokesman said, adding that no figure has been decided.

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