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
5,000 jobs Number of planned job losses
Announcement Date
13 December 2024
Employment effect (start)
13 December 2024
Foreseen end date
Description
German speciality chemicals company Evonik Industries has announced that it will cut 5,000 jobs worldwide.
The restructuring programme involves two locations in Germany, employing 3,600 staff, which may be sold or integrated into joint ventures. The source reports the company wants to avoid forced redundancies in Germany.
Evonik plans to stream its operations from four business units to two: Custom Solutions and Advanced Technologies. Under the programme, the company is to cut about 500 management positions and reassign another 1,000 by 2027.
Together with the layoffs announced in March 2024, affecting 2,000 jobs Evonik 2024-WO , Evonik will cut in total of 7,000 jobs worldwide.
Evonik is one of the world leaders in speciality chemicals. The company is active in more than 100 countries and employs more than 32,000 employees worldwide. The company produces a wide range of products, including amino acids for livestock feed, lipids for vaccines, and speciality chemicals for the cosmetics and pharmaceutical industries.
Previous global restructuring plans for Evonik have been recorded in the ERM database Evonik 2023-WO , Evonik 2024-WO
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