Cytec Industries to Open Shared Services Center in Riga
2010 - 03 - 23
Cytec Industries Inc. has announced its intention to open a Shared Services Center in Riga, Latvia in the second half of 2010. This Center will provide HR, finance, IT and procurement services (administrative and transactional) to Cytec facilities in the European and North American regions. Cytec chose Latvia primarily because of its good business climate and an educated, cost competitive workforce. The Company intends to recruit approximately 125 people over a two year period to work in this Center.
Cytec Industries Inc. is a global specialty chemicals and materials company focused on developing, manufacturing and selling value-added products. It is a NYSE quoted company.
COBALT assisted a local subsidiary of Cytec group in dealing with HR, premises lease, data protection and other daily matters.