Evonik Plant job cuts: 7,000 jobs in danger from massive restructuring!

Evonik Plant job cuts: 7,000 jobs in danger from massive restructuring!

The chemical group Evonik faces a drastic conversion that puts the future of 7,000 employees in danger. As reported on oe24.at , the company boss Christian Kullmann plans to slim down the structure of the company in order to make Evonik more competitive in a more challenging market. The group, which currently employs around 32,000 people, will focus on its two new business areas Custom Solutions and Advanced Technologies, each with a year -round sales.

The restructuring not only includes corporate sales, but also massive changes at the management level. According to sueddeutsche.de , the number of hierarchy levels is drastically reduced, which means that 1,000 managers have to give up their management responsibility. The new business areas should be designed more efficiently and flexibly in order to react to the challenges of global markets. In addition, Kullmann and his team have decided to fill the board: the American Lauren Kjeldsen and the Frenchwoman Claudine Mollenkopf rise and are now bringing the innovative female executive share to the board.

restructuring and possible job losses

The renovation includes the reduction of around 2,000 jobs and the possible spin -off of another 3,600 positions at the Marl and Wesseling locations, which could either be integrated or sold in joint ventures. Kullmann said that the company suffers greatly from the weak economy and sees the need to act closely to the customers and their markets. This could mean that Evonik will build more production facilities in important buyers in the future, especially in Asia.