Huntsman to cut 900 jobs from pigments and additives segment

• Huntsman (NYSE:HUN) says it will cut 900 jobs in its pigments and additives business as part of a restructuring plan intended to save ~$130M/year by mid-2016.
• HUN says it plans to have an IPO of the pigments and additives division in the future, without providing further details.
• HUN also says it completed the restructuring in its Advanced Materials and Textile Effects divisions, allowing annual savings of ~$150M.