Brief: Evonik Extends Efficiency Program, To Cut Around 3,200 Jobs
18/06/2026 08:38
BRIEF-Evonik Extends Efficiency Program, To Cut Around 3,200 Jobs June 18 (Reuters) - EVONIK INDUSTRIES AG EVKn.DE:
EXTENDS EFFICIENCY PROGRAM "TAILOR MADE"
ABOUT 3,200 JOBS TO BE CUT IN SOCIALLY ACCEPTABLE MANNER
POLYESTER BUSINESS WILL BE DISCONTINUED
COMPANYWIDE RESTRUCTURING AND SAVINGS MEASURES THROUGH 2029
JOB CUTS WILL RUN FROM 2027 TO END OF 2029, INCLUDES 2,150 POSITIONS IN GERMANY
TO DISCONTINUE GLOBAL POLYESTER BUSINESS, AFFECTS SITES IN WITTEN AND MARL, GERMANY, AND SHANGHAI, CHINA
AS PART OF "EVONIK TAILOR MADE" IN OPERATING BUSINESSES, PLANS TO CUT AROUND 2,800 POSITIONS FROM OCT 2023 TO END OF 2026
Further company coverage: [EVKn.DE]
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 587785269;))
Recent news on Evonik Industries AG
See all newsEvonik raise full-year outlook as Middle East disruption hits Asian rivals (updated)
Evonik raises full-year profitability outlook after Q2 beat
Evonik jumps, as DB sees strong Q2 EBITDA, raises target price
Evonik to cut 3,200 jobs by 2029 in extended restructuring push (updated)
Evonik to cut 3,200 jobs worldwide