Evonik Announces Major Restructuring with Up to 7,000 Job Cuts

The chemical giant plans to streamline operations, reduce management layers, and reorganize into two core business segments starting in 2025.

Evonik will cut up to 7,000 jobs globally, including 2,000 through cost-saving measures and 3,600 tied to potential sales or partnerships involving infrastructure operations in Marl and Wesseling.
The company will restructure its operations into two segments: 'Custom Solutions,' focusing on niche markets, and 'Advanced Technologies,' emphasizing cost-efficient production.
A complete leadership restructuring will eliminate a management layer and reduce the number of leadership positions from 4,500 to 3,500, with some managers transitioning to specialist roles.
Evonik has pledged no forced redundancies in Germany until 2032, with job reductions managed through natural attrition and voluntary programs.
The restructuring aims to enhance profitability and agility in response to global economic challenges and increased competition in the chemical sector.