ICI announces 2,300 job cuts

Chemicals and paints giant ICI today announced plans to cut another 2,300 jobs from its workforce over the next five years.

The group, which employs 5,000 people in the UK out of a 35,000-strong global headcount, said it would embark on “extensive new restructuring and investment” when an existing restructuring programme ends in 2007. ICI Dulux Paints Ireland employs about 150 people.