By: ICN Bureau
Last updated : May 24, 2024 8:57 am
The intended site closures align with AkzoNobel's strategic priorities
AkzoNobel has announced the intention to close the manufacturing sites of Groot-Ammers (The Netherlands), Cork (Ireland) and Lusaka (Zambia) and transfer the production to other locations in the region. This intention is the first part of a multi-year industrial efficiency plan to be fully finalized by the end of 2026.
The intended site closures align with AkzoNobel's strategic priorities and its commitment to industrial excellence. By focusing on units with scale and higher cost efficiencies, AkzoNobel aims to rationalize, upgrade and optimize its industrial network to improve competitiveness and drive sustainable growth.
The related social partners have been informed about the intended closures and next steps. Finalization will follow after the usual consultation process with employees and local social partners.