By: ICN Bureau
Last updated : September 26, 2024 8:38 am
The structural adjustments are planned to be finalized by the end of 2025
AkzoNobel has announced the next steps to reduce cost and to enhance the efficiency of its functions.
This initiative is designed to simplify operations, accelerate decision-making, and streamline the company’s management structure. A key element of the plan involves a reduction of around 2,000 positions globally.
“Over the last three quarters, we have demonstrated our ability to grow. We aim to accelerate profitable growth by optimizing our functional organization to become more agile in volatile markets and offset headwinds such as rising labor cost,” explains AkzoNobel CEO, Greg Poux-Guillaume.
The structural adjustments are planned to be finalized by the end of 2025.