- Perstorp plans an 8% global workforce reduction.
- The chemical industry faces high costs and competition.
- Market recovery is not expected soon due to trade uncertainties.
- Union discussions are ongoing regarding workforce adjustments.
Workforce Reduction
Perstorp is initiating a rightsizing initiative, anticipating an 8% reduction in its global workforce. This move aims to create a stronger and more resilient company amidst current industry challenges.
Industry Challenges
The chemical industry is under pressure from high costs and increased competition, leading to tightened margins and price pressure. Market recovery is not expected in the near term due to ongoing uncertainties in tariffs and global trade.
Impact on Perstorp
Perstorp is significantly affected by these market challenges, experiencing a decline in profitability. The company is taking steps to reduce organizational overlaps and optimize its workforce.
Union Discussions
The final outcome of the proposed workforce adjustments is subject to ongoing discussions with union representatives, ensuring that affected employees are treated with dignity and care throughout the process.
