Rhodia, the French speciality chemicals group, warned it would stay in the red for the next two years as it announced its worst ever results and entered exclusive talks to sell its food ingredients business.In a bid to restore financial security, Rhodia has in the past six months changed its management team, refinanced its €3.2bn debts, launched a €700m disposal plan and started a restructure to save €165m by cutting at least 1,000 jobs.