|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
AkzoNobel to cut more than 5% of global workforce by end of 2025
Sep 24, 2024 at 11:23 pm
The Dutch group, which has operations in 150 countries including the UK, said it will “streamline” its management structure through the cuts.
AkzoNobel plans to complete a raft of redundancies by the end of 2025 in a bid to make its operations more efficient.
The Dutch group, which has operations in 150 countries including the UK, said it will “streamline” its management structure through the cuts.
The move will impact more than 5% of its 35,700 global employees.
AkzoNobel has around 3,500 employees in the UK and Ireland across 15 sites, including nine factories. The firm has not disclosed how many UK staff will be impacted.
The group’s cost-cutting efforts come amid a backdrop of continued inflation in the building materials industry and higher wages.
Nevertheless, the group recently reported that pre-tax profits rose by over a quarter in the first half of the year to 496 million euros (£413 million) due to tight control over its cost base.
Greg Poux-Guillaume, chief executive of AkzoNobel, said: “Over the last three quarters, we have demonstrated our ability to grow.
“We aim to accelerate profitable growth by optimising our functional organisation to become more agile in volatile markets and offset headwinds such as rising labour cost.”
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Binance Fixed Rate Loans: Safely Borrow and Lend Stablecoins at Adjustable Fixed Interest Rates
- Sep 25, 2024 at 08:15 am
- Binance, the world's largest crypto ecosystem by trading volume and user numbers, has launched a lending facility, Binance Fixed Rate Loans.
-
- NFL Legend Brett Favre Reveals Parkinson's Disease Diagnosis After 'Thousands' of Concussions
- Sep 25, 2024 at 08:15 am
-
- Versa Director Flaw Leads to API Exploit, Affects SD-WAN Customers
- Sep 25, 2024 at 08:15 am
- Vulnerabilities in Versa Director are never a small matter, as the platform manages network configurations for Versa's SD-WAN software
-
- Get Ready for the Next Altcoin Season: Discover the Top Contenders Set to Deliver Massive Gains in October 2024
- Sep 25, 2024 at 08:15 am
- Investors are keen to find out which coins could offer incredible returns. Discover the top contenders set to deliver massive gains in the upcoming bullish cycle.
-
- Advisors Are "Allocating to Cryptocurrency" in Their Portfolios, Bitwise CIO Matt Hougan Says
- Sep 25, 2024 at 08:15 am
- Bitwise Chief Investment Officer Matt Hougan has recently highlighted a growing trend of top financial advisors “allocating to cryptocurrency” in their portfolios.
-
- GALA Rallies to 1-Month High, CEL Corrects After 300% Surge
- Sep 25, 2024 at 06:25 am
- Gala (GALA), the native token of the gaming blockchain Gala Games, rose slightly as the crypto held onto gains after a positive flip for the top coins.
-
- Trump Adds 'True Symbol of American Greatness' Coin to His Merchandise Array
- Sep 25, 2024 at 06:25 am
- Dubbed "Trump Coins," the limited-edition silver medallions were designed by Trump and minted in the United States, the 2024 Republican presidential nominee said Saturday in a video message posted to Truth Social.
-
- EasyA x Polkadot University Launches to Educate the Next Generation of Blockchain Developers
- Sep 25, 2024 at 06:15 am
- EasyA, the world's leading blockchain education platform, proudly announces the launch of its EasyA x Polkadot University. This will be the world's first university focused on educating the next generation of blockchain developers.
-
- Fantom (FTM), ImmutableX (IMX), Helium (HNT) Price Analysis for the Upcoming Week
- Sep 25, 2024 at 06:15 am
- With the BTC price stabilizing above the $63,000 level, top cryptocurrencies have regained momentum with major altcoins breaking out of their respective resistance levels.