Evonik to cut 3,200 jobs worldwide by 2029, as it extends restructuring programme

Evonik to cut 3,200 jobs worldwide by 2029, as it extends restructuring programme

June 18, 2026 / Nathan Pine /


Published Thu, Jun 18, 2026 · 04:44 PM

EVONIK Industries will cut 3,200 jobs worldwide by the end of 2029, including 2,150 positions in Germany, the German chemicals group said on Thursday (Jun 18).

“The global political situation remains uncertain, and economic growth is persistently weak,” CEO Christian Kullmann said in a statement.

The measure is part of the company’s extended “Tailor Made” programme, now set to run from 2027 through the end of 2029, the company said.

It had already announced cuts of around 2,800 positions until the end of 2026 within the programme, which was initially planned to run from October 2023 to the end of this year. REUTERS



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Nathan Pine

I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.

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