AkzoNobel has announced next steps to reduce costs and improve the efficiency of its functions. The initiative is designed to streamline operations, accelerate decision making and streamline the company’s management structure. A key element of the plan involves the reduction of around 2,000 positions globally.
“Over the past three quarters, we have demonstrated our ability to grow. Our goal is to accelerate profitable growth by optimizing our functional organization to be more agile in volatile markets and to counteract headwinds such as rising labor costs,” explains Greg Poux-Guillaume, CEO of AkzoNobel.
Structural adjustments are expected to be completed by the end of 2025.
AkzoNobel second quarter results
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AzkoNobel acquires Colombian paints and coatings group
