German chemicals union pushes for investments at Evonik amid restructuring
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
0mins
Source: Reuters
Union's Stance on Restructuring: Germany's IGBCE union emphasizes that Evonik's restructuring should prioritize investments over shareholder payouts, especially as the company plans significant workforce reductions.
Impact on Employees: The potential restructuring could affect 3,600 employees at Evonik's Marl and Wesseling sites, with no decisions made yet regarding possible spin-offs of these operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
