Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Chemicals And Chemical Products
20 - Manufacture of chemicals and chemical products

1,000 jobs
Number of planned job losses
Job loss
Announcement Date
7 August 2012
Employment effect (start)
Foreseen end date

Description

On 7 August 2012, DSM announced it will scrap 1000 jobs worldwide, of which 400 in the Netherlands.

The company's CEO Feike Sijbesma stated that the restructuring is necessary to reach the business goals for 2013. DSM has become more pessimistic about the prospects for the chemical industry, especially in Europe.

The timeline for the restructuring is to be announced. 


Sources

  • 8 August 2012: Het Financieele Dagblad

Citation

Eurofound (2012), DSM, Internal restructuring in World, factsheet number 73969, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73969.