AUSTRALIA

More jobs to go as Orica sells chemicals business

ORICA has sold its non-mining chemicals business to private equity firm Blackstone for $750 million, while forecasting further job cuts as part of its "transformation program".

More jobs to go as Orica sells chemicals business

The decision was made after giving consideration to spinning off the chemicals division into a separate entity listed on the Australian Securities Exchange. Earnings before interest and tax for its chemicals...

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