The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture Of Chemicals And Chemical Products
2,000 jobs Number of planned job losses
Announcement Date
24 September 2024
Employment effect (start)
24 September 2024
Foreseen end date
31 December 2025
Description
Dutch paint manufacturer Akzo Nobel has announced that it will cut about 2,000 jobs worldwide by the end of 2025.
So far, the company has revealed that the restructuring programme will affect its headquarters in the Netherlands, but no specific number of jobs to be cut is available as of now.
The layoffs will target head office positions in finance and global business services. This cost-cutting effort is part of the company’s broader ‘industrial transformation’ plan, which aims to save €250 million by 2027. Related to this, plant closures in Ireland, the Netherlands and Zambia were announced in May 2024.
Akzo Nobel, the largest global paints and coating company, employs about 35,700 employees globally.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
