A. Schulman Plans To Cut 40 Positions In EMEA - Quick Facts

(RTTNews) - A. Schulman, Inc. (SHLM), a supplier of high-performance plastic compounds and resins, Wednesday announced actions to optimize the company's back office and support functions in Europe, Middle East and Africa to better align its operations with current market conditions in the region.

During the first half of fiscal 2015, A. Schulman plans to reduce headcount in EMEA by approximately 40 employees, with the majority of reductions expected in the areas of back office and support functions.

The company anticipates the total annual pre-tax benefit to be around $4 million, and it expects to record related charges of approximately $10 million, primarily in the first half of fiscal 2015.

There were no charges recorded during the fiscal year ended August 31, 2014, related to this plan.