# German chemicals giant Evonik says 7,000 jobs on the line

> Evonik announced a restructuring that would cut its workforce by 7,000 jobs, reducing its four divisions to two and selling some business units. The move follows a March plan to cut 2,000 jobs and reflects high energy costs and inflation hurting German chemicals.

- Date: 2024-12-13 · published 2024-12-13T12:00:00.000Z
- Category: market · region Germany · magnitude low
- Page: https://feedsoft.ai/events/27299-german-chemicals-giant-evonik-says-7-000-jobs-on-the-line
- Commodities: [Methionine](https://feedsoft.ai/c/METH.md)

## Why it matters

Evonik is a leading methionine supplier, and divestments or restructuring could alter its amino acid output and pricing discipline over time, though near-term price effects are likely limited.

## Read by commodity

- METH: neutral

## Sources

- brusselssignal.eu: https://brusselssignal.eu/2024/12/german-chemicals-giant-evonik-says-7000-jobs-on-the-line/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.