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
3,500 jobs Number of planned job losses
Announcement Date
29 September 2008
Employment effect (start)
1 January 2009
Foreseen end date
31 December 2011
Description
AkzoNobel, a multi-national manufacturing corporation active in healthcare products, coatings and chemicals, announced on September 2008 that it is to cut 3,500 jobs worldwide. Around two third of the job losses will be in the UK, due to the takeover in 2007 of ICI. The rest of the jobs losses wil be worldwide (but probably mainly in the US). Forced dismissals are not ruled out. AkzoNobel intends to expand mainly in emerging markets like China and India over the coming years.
Sources
30 September 2008: Het Financieele Dagblad
1 October 2008: Het Financieele Dagblad
29 September 2008: NRC Handelsblad
Citation
Eurofound (2008), Akzo Nobel, Internal restructuring in World, factsheet number 67158, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67158.
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