AkzoNobel optimizes its functional organization to help drive profitable growth

(AKZA; AKZOY) 

AkzoNobel has announced the next steps to reduce cost and to enhance the efficiency of its functions. This initiative is designed to simplify operations, accelerate decision-making, and streamline the company’s management structure. A key element of the plan involves a reduction of around 2,000 positions globally.

“Over the last three quarters, we have demonstrated our ability to grow. We aim to accelerate profitable growth by optimizing our functional organization to become more agile in volatile markets and offset headwinds such as rising labor cost,” explains AkzoNobel CEO, Greg Poux-Guillaume.

The structural adjustments are planned to be finalized by the end of 2025.

About AkzoNobel

Since 1792, we’ve been supplying the innovative paints and coatings that help to color people’s lives and protect what matters most. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and use our expertise to sustain and enhance everyday life. Because we believe every surface is an opportunity. It’s what you’d expect from a pioneering and long-established paints company that’s dedicated to providing sustainable solutions and preserving the best of what we have today – while creating an even better tomorrow. Let’s paint the future together.