Finance
AkzoNobel to lay off up to 16% of workforce in France
Published by Global Banking & Finance Review®
Posted on January 10, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 10, 2025
1 min readLast updated: January 27, 2026
AkzoNobel will lay off 211 employees, 16% of its French workforce, by 2026. The plan includes creating 29 new jobs and investing 22 million euros in Montataire.
(Reuters) - Dutch paint and coatings maker AkzoNobel plans to lay off of up to 211 staff in France, about 16% of its workforce in the country, under a reorganisation plan, it said on Friday.
The maker of Dulux paints, which currently employs 1,300 people in France, said the reorganisation would be carried out from May 2025 until the end of 2026. The plan also includes creation of 29 new positions in the country.
As part of the programme, AkzoNobel will invest 22 million euros ($22.7 million) into its Montataire site in Northern France, with an aim to establish it as a "flagship for decorative paint production", it said in a press release.
($1 = 0.9708 euros)
(Reporting by Mateusz Rabiega in Gdansk; editing by Milla Nissi)
The article discusses AkzoNobel's plan to lay off 16% of its workforce in France as part of a reorganization strategy.
AkzoNobel plans to lay off 211 employees in France, which is about 16% of its workforce in the country.
AkzoNobel will invest 22 million euros in its Montataire site to enhance decorative paint production.
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