Item 2.05 Costs Associated with Exit or Disposal Activities.

On December 11, 2008, Chemtura Corporation announced that it will implement a new restructuring initiative to reduce cash fixed costs by approximately $50 million. This initiative involves a worldwide reduction in its professional and administrative staff by approximately 500 people, which represents a reduction of about 20 percent of the professional and administrative population. The Company is also modifying work hours, furloughing or reducing production personnel as required. The cash cost of these actions are provisionally estimated to be in the order of $15 million to $20 million and will be incurred over the next three quarters. The Company will take a restructuring charge in the fourth quarter to record the cost of these initiatives.

A copy of the press release is incorporated by reference herein as Exhibit 99.1

Item 9.01 Financial Statements and Exhibits

Exhibits

Exhibit Number Exhibit Description

99.1 Chemtura Press Release dated December 11, 2008