The maker of Dulux paints, which currently employs 1,300 people in France, said the restructuring will be carried out from May 2025 to the end of 2026. The plan also includes creation of 29 new posts in the country.
As part of the programme, AkzoNobel will invest 22 million euros ($22.7 million) in its Montetier site in northern France, with the aim of establishing it as a “major for decorative paint production”, a press release said. Have to do.
The paint maker had previously announced plant closures in Ireland, the Netherlands and Zambia, as well as plans to cut about 2,000 jobs globally by the end of 2025.
Also read: Cargill to cut thousands of jobs globally due to declining profits
The group, which is grappling with a post-Covid recession, rising raw material costs and customer stockouts, had then said the job cuts would help it save 120 million to 150 million euros annually.
In France, employers are required to have legitimate and well-defined grounds for terminating an employee’s contract. These grounds generally fall into two primary categories: personal and economic reasons. Personal reasons for dismissal may include factors such as professional misconduct, inadequate performance or lack of competence.
(edited by : jerome anthony,
