Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
German speciality chemicals company Evonik has announced that it will cut 1,000 jobs worldwide in 2026.
The cuts affect various divisions, including the animal nutrition business (200 jobs globally) and the pharmaceutical active ingredients production in Hanau, Germany (260 jobs). Additionally, Evonik is to close its two silica plants in the United States. The company will rely on early retirements, natural attrition, and internal redeployment, adhering to its commitment to avoid compulsory redundancies until 2032.
Headquartered in Germany, Evonik is one of the world's leading speciality chemicals companies.
Previous global restructuring events of Evonik have been recorded in the ERM database: Evonik 2023-WO (200 job cuts), Evonik 2024-WO (2,000 job cuts), Evonik 2024b-WO (5,000 job cuts).
Eurofound (2026), Evonik, Internal restructuring in World, factsheet number 204228, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/204228.
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