Evonik Industries Announces Strategic Plan: Job Cuts, Business Divestment, and Economic Outlook
Monday, 4 March 2024, 15:22
Evonik Industries Announces Strategic Plan
Germany-based Evonik Industries is embarking on a strategic transformation that includes significant changes in its workforce and core business areas.
Job Cuts and Business Divestment
- 2,000 job cuts by 2026
- Divestment of superabsorbents business
The company is taking bold steps to restructure and enhance operational efficiency amid a challenging economic environment. Evonik's decision to trim its workforce and shed non-core assets reflects a proactive approach to ensure long-term sustainability.
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