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Evonik Extends Efficiency Program Through 2029

Summary by FuelCellsWorks
Evonik implements restructuring measures cutting 3,200 jobs through 2029. Polyester business discontinuation planned with focus on digitalization and efficiency.
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2 Articles

Evonik, a chemical company in Essen, has been in deep crisis for many years. Now, thousands of jobs are to be lost in Germany and internationally, even if there are no company-related terminations. By the end of 2029, the Group plans to reduce around 3,200 jobs, of which 2,150 are accounted for by German sites. In addition, Evonik intends to completely eliminate the loss-making [...] The post Crisis in the chemical industry: Evonik builds 3,200 …

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FuelCellsWorks broke the news in Montreal, Canada on Friday, June 19, 2026.
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