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Employment
AkzoNobel to cut 2,000 jobs by 2026
by Alex Scott
September 27, 2024
| A version of this story appeared in
Volume 102, Issue 30
The Dutch paint and coatings producer AkzoNobel says it will cut 2,000 jobs globally—about 5% of its workforce—by the start of 2026. The cuts will help the firm “become more agile in volatile markets and offset headwinds such as rising labor cost,” CEO Greg Poux-Guillaume says in a press release. The company stated in July that it expects pretax profits this year of between $1.68 billion and $1.85 billion, up from the $1.56 billion it reported for 2023. About half of AkzoNobel’s sales come from Europe, the Middle East, and Africa.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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