Akzo Nobel plans to cut 2,000 jobs, 5% of its workforce, as part of a cost-reduction strategy by 2025.

Akzo Nobel, the Dutch manufacturer of Dulux paint, plans to cut approximately 2,000 jobs globally, over 5% of its workforce, as part of a cost-reduction strategy. This initiative, part of an "industrial transformation" plan aimed at achieving €250 million in savings by 2027, will primarily affect positions in head offices and finance. The changes are expected to be finalized by the end of 2025, amid challenges from rising raw material costs and market slowdowns.

September 24, 2024
16 Articles