Chief Executive Christian Kullmann pointed to a volatile global political landscape and sluggish growth as the primary drivers behind the layoffs. While the restructuring plan will affect the company’s entire global footprint, specific operational changes include the planned shutdown of the group’s unprofitable polyester business. This division, which generates roughly 150 million euros annually, has struggled for years to maintain positive margins.
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Evonik to Slash 3,200 Jobs in Major Restructuring
German specialty-chemicals giant Evonik will eliminate 3,200 positions by 2029, as persistent economic stagnation and intensifying international competition force a sweeping overhaul of its administrative and business units. The cuts, which include 2,150 roles in Germany, aim to leverage digitalization and outsourcing to reclaim operational efficiency.
The discontinuation of the polyester unit will hit sites in Witten, Marl, and Shanghai. The Witten facility, currently employing 266 people, is slated for closure in 2027. Additionally, the company will eliminate 45 roles in Marl and 35 in Shanghai. Management expects to finalize the granular details of these staff reductions over the coming weeks.
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