Proman to cut jobs amid Trinidad gas constraints

Pro­man is re­duc­ing its glob­al work­force, cit­ing con­strained and un­cer­tain gas sup­plies in Trinidad and the re­sult­ing im­pact on the com­pa­ny’s mar­gins.

In a mes­sage to em­ploy­ees, Pro­man CEO David Cas­sidy said the com­pa­ny does not al­ways have enough gas in Trinidad to op­er­ate all its plants con­sis­tent­ly at full ca­pac­i­ty.

“The im­me­di­ate chal­lenge is in Trinidad,” Cas­sidy said, adding that the com­pa­ny must align its cost base and op­er­at­ing mod­el with cur­rent pro­duc­tion lev­els.