Evonik to Cut 3,200 Jobs Globally by 2029 Amid Restructuring Drive

Evonik has unveiled plans to reduce its global workforce by approximately 3,200 employees by 2029, extending its ongoing restructuring efforts aimed at creating a leaner and more agile organization.

The specialty chemicals company is undertaking the move as part of a broader strategy to simplify operations, enhance efficiency, and improve long-term competitiveness. As industries worldwide continue to face economic uncertainty, fluctuating demand, and rising operational pressures, organizations are increasingly reassessing their structures and cost bases.

According to the company, the restructuring program is designed to streamline decision-making, reduce complexity, and strengthen business performance. The initiative will involve organizational changes across multiple functions and geographies over the coming years.

The planned workforce reduction represents a significant step in Evonik’s transformation journey. While the company remains focused on innovation, sustainability, and growth opportunities, it is also seeking to build a more efficient operating model capable of adapting to evolving market conditions.

Across the global chemicals sector, companies are facing increased pressure to improve productivity while managing costs and investing in future growth areas. As a result, restructuring and workforce optimization have become common strategies for organizations seeking to remain competitive.

Evonik stated that the extended transformation program is intended to position the company for sustainable growth while improving operational effectiveness. The workforce changes are expected to be implemented gradually through 2029 as the company executes its long-term restructuring roadmap.