Perstorp announces a rightsizing initiative where an adjustment of approximately 8% to the global workforce is anticipated. The intention is to secure a stronger and more resilient company at a time when the chemicals industry is facing considerable challenges.

The chemical industry remains under heavy strain from high costs and increased competition, resulting in tightened margins and price pressure. Market recovery is not expected in the near term, as uncertainties regarding tariffs and global trade remain.

Perstorp is significantly impacted by the challenges in the market, with a declining trend in profitability.

As a result, Perstorp is taking steps to reduce overlaps within the organisation, aiming for an optimised workforce with approximately 8% reduction in global positions.

“We are taking every step to ensure that those affected by the planned changes are treated with dignity and care throughout the process. The final outcome of the proposed workforce adjustments is currently subject to ongoing discussions with union representatives,” the company said.