German chemical giant Evonik announced Tuesday that it plans to cut another 3,200 jobs as part of a restructuring program, citing a “structural and economic crisis” in the chemical industry.
Management did not provide financial details on the expected savings or one-time costs associated with the latest round of job cuts. Under plans announced earlier, around 2,800 positions are already expected to be eliminated by the end of 2026.
The latest reductions are expected to be achieved primarily by leaving vacant positions unfilled, placing employees in temporary employment arrangements and encouraging voluntary departures. Around 2,150 of the affected positions are expected to be in Germany.
At the end of 2025, the Essen-based group employed 31,053 people, nearly 900 fewer than a year earlier.
“Executive management, the supervisory board and employee representatives share the conviction that the chemical industry is facing a structural and economic crisis,” interim CEO Claus Rettig said in a statement following the meeting.
The company first announced its restructuring plans in June.
“We will use this multiple crisis to change outdated structures and position ourselves better for the future,” Rettig added.
