LANXESS share: job cuts also announced in Germany

The specialty chemicals group LANXESS has clarified its information on the announced savings program.

“We want to save 150 million euros a year, so we will have to cut jobs, including in Germany. We are currently negotiating with employee representatives about the type and extent,” said LANXESS boss Matthias Zachert in an interview with the “Rheinische Post” (Saturday edition). ). The main thing is the administration of it Job cuts affected.

“The board has already given up a quarter of its fixed salary, and the senior staff have given up ten percent. But now we also have to get jobs, for example in administration,” Zachert continued. He also cannot rule out redundancies for operational reasons. “So far, LANXESS has always managed to make job cuts socially acceptable. That is also the goal now.”



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