Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Dutch paint manufacturer Akzo Nobel has announced that it will cut about 2,000 jobs worldwide by the end of 2025.
So far, the company has revealed that the restructuring programme will affect its headquarters in the Netherlands, but no specific number of jobs to be cut is available as of now.
The layoffs will target head office positions in finance and global business services. This cost-cutting effort is part of the company’s broader ‘industrial transformation’ plan, which aims to save €250 million by 2027. Related to this, plant closures in Ireland, the Netherlands and Zambia were announced in May 2024.
Akzo Nobel, the largest global paints and coating company, employs about 35,700 employees globally.
Updated, 10/01/2025: It is announced that AkzoNobel plans to cut 211 jobs at its plant in Montataire, France Akzo Nobel 2025-FR, a part of a global restructuring plan. The plan also includes the creation of 29 new positions at the Montataire site. At the same time, the company has undertaken to invest €22 million in this site to turn it into a centre of excellence for the production of decorative paints.
Eurofound (2024), Akzo Nobel, Internal restructuring in World, factsheet number 201635, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201635.