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German chemical giant Covestro plans to lay off 1,700 employees worldwide

 Last Update: 2021-09-12
 Source: Internet
 Author: User

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According to foreign media reports, the German chemical giant Covestro plans to lay off up to 1,700 employees, equivalent to about 10% of its global workforce
.

The layoffs may affect up to 950 jobs in Germany
.

Covestro confirmed the news and said these figures are only preliminary estimates
.

A spokesperson for the company said that there will be further updates in the coming months

Covestro has sales of 10.
7 billion euros in 2020, and its business scope is mainly focused on the production of high-tech polymer materials
.

As of the end of 2020, Covestro has 33 production sites and approximately 16,500 employees worldwide

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