How many jobs will Evonik cut globally by 2029, and where will the majority of those cuts occur?

Evonik will cut 3,200 jobs globally by the end of 2029, with 2,150 of those positions eliminated in Germany; the cuts will affect all business and administrative units worldwide and are to be carried out 'in a socially acceptable manner' as agreed upon by the executive board and employee representatives.

Why is Evonik discontinuing its global polyester business, and what are the immediate site-specific impacts?

Evonik is discontinuing its global polyester business in 2027 because it has been unprofitable for years despite generating €150 million in annual revenue, and the company concluded—after examining alternatives—that the move was an 'economically unavoidable step' due to global competitive pressure, structural disadvantages in Europe, and declining market dynamics; the closure will shut down the Witten, Germany site (266 jobs), cut 45 jobs at Marl, Germany, and eliminate 35 positions in Shanghai, China.

Evonik Announces 3,200 Job Cuts by 2029, Discontinues Polyester Business

Jun 18, 2026

Evonik plans to cut 3,200 jobs globally by 2029 and discontinue its unprofitable polyester business due to weak market dynamics and European structural disadvantages. The move aims to enhance efficiency through digitalization and outsourcing amid fierce competition.

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Evonik Announces 3,200 Job Cuts and Closure of Global Polyester Business

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