Germany's Evonik to pause acquisitions for two years, CEO says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 25 2025
0mins
Source: Reuters
Acquisition Pause: Evonik plans to pause acquisitions for the next two years as it undergoes a significant restructuring, focusing on its "save, restructure, and grow" strategy.
Job Cuts and Future Decisions: The company is set to cut around 2,000 jobs by 2027, with decisions regarding its service units at Marl and Wesseling sites expected by 2026, considering options like retention, joint ventures, or sales.
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.
