Friday 10. April 2009
LyondellBasell Increases Fixed-Cost Reduction Target to $700 Million and Initiates Development of Plan of Reorganization
LyondellBasell today announced that it has increased its fixed-cost reduction target to $700 million by year-end 2010. The new target is part of a total performance improvement plan of $1.3 billion, which also encompasses variable and energy cost reductions, as well as revenue enhancement initiatives.