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AUSTRIA: Lenzing to axe 600 jobs as Q3 profit falls 44%

2013-11-15 16:43:00| Daily apparel & textile news and comment - from just-style.com

Cellulose fibre producer Lenzing is to axe up to 600 jobs as part of "massive, far-reaching" cost cuts over the next two years as it tries to see off increasingly fierce competition from cotton producers.

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