AkzoNobel to cut 2,000 jobs by 2025 in Mechelen

AkzoNobel has announced plans to reduce its workforce by 2,000 jobs, which represents approximately 5.5% of its total employees, by the end of 2025. This decision primarily targets financial and administrative roles, indicating a strategic shift towards improving operational efficiency. CEO Greg Poux-Guillaume emphasized the need to manage rising labor costs and enhance the company's adaptability in a competitive market. The restructuring will involve simplifying the management structure, potentially leading to fewer management levels and combined roles. This change aims to create a more competitive organization capable of responding to market fluctuations. Employees in the affected areas may experience uncertainty regarding their job security as the company moves forward with these changes. Despite the job cuts, AkzoNobel has assured that its factories will not be impacted by the latest restructuring efforts. The focus on administrative and financial roles suggests a move towards automation and outsourcing to streamline operations. This decision reflects the company's commitment to maintaining profitability while navigating financial pressures. In Belgium, the job losses will particularly affect the workforce in Mechelen and Vilvoorde, raising concerns about the local economic impact. As the company implements these changes, it aims to achieve steady growth and better manage costs, ultimately positioning itself for future success in a challenging business environment.