Evonik: 2,800 jobs cut
Evonik has announced plans to cut approximately 2,800 jobs as part of its ongoing efficiency program, which aims to enhance digitalization and operational effectiveness. The job reductions will occur from October 2023 through the end of 2026, with a focus on restructuring to adapt to challenging market conditions. The company is also discontinuing its polyester business, which has been unprofitable for years.
Conservative
0
Core Estimate
1,120
Upper Bound
1,960
Sources
Evonik extends efficiency program “Tailor Made”
Evonik extends efficiency program “Tailor Made” Efficiency program to continue Back Our Products Products June 18, 2026 # Evonik extends efficiency program “Tailor Made” - Companywide restructuring and savings measures through 2029 - About 3,200 jobs to be cut in socially acceptable manner - Polyester business will be discontinued Essen, Germany. Evonik will implement further structural and cost-cutting measures in the coming years to drive forward the company’s transformation. "The glob