Browsing Tag
Evonik Industries
3 posts
BASF confirms Evonik takeover talks as German chemicals consolidation accelerates
BASF has confirmed exploratory discussions with Evonik Industries and RAG-Stiftung over a potential takeover, opening the door to one of the largest European chemicals transactions in years as the sector battles weak demand and intensifying Asian competition.
Evonik’s biggest overhaul deepens with 3,200 job cuts and two major divestitures
Evonik Industries is preparing the second phase of its largest corporate restructuring, with 3,200 additional jobs already scheduled to disappear through 2029 and businesses employing roughly 4,300 people moving toward divestiture as the German chemicals group narrows its portfolio.
Why Evonik is cutting 3,200 more jobs as Europe’s chemical squeeze deepens
Evonik Industries is extending its restructuring through 2029, closing an unprofitable polyester operation and removing thousands of roles as weak demand, high European costs and global competition pressure margins.