Trinseo to Combine Management of Three Businesses, Cut Jobs

Trinseo to combine management of engineered materials, plastics solutions and polystyrene businesses.

• Will result in job cuts due to consolidation of business management roles and support functions, with expected annual run rate cost savings of $30m
• Will exit virgin polycarbonate production at facility in Stade, Germany, with production ending in Jan. 2025
• Sees total pretax restructuring charges $23m-$28m

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