Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Belgium's Solvay to cut 140 jobs across two German sites
    Finance

    Belgium's Solvay to cut 140 jobs across two German sites

    Published by Global Banking & Finance Review®

    Posted on September 18, 2025

    2 min read

    Last updated: January 21, 2026

    Image illustrating the Biysk Oleum Factory's acquisition of Siemens equipment via intermediaries, highlighting the circumvention of Western sanctions. This reflects ongoing military production efforts in Russia.
    Russian bomb factory acquiring Siemens technology amid sanctions - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilityfinancial managementjob creation

    Quick Summary

    Solvay plans to cut 140 jobs in Germany, ending TFA production by 2026 due to health concerns over PFAS chemicals.

    Table of Contents

    • Solvay's Restructuring Plans in Germany
    • Job Cuts and Site Closures
    • Financial Implications of Restructuring
    • Health Concerns Related to TFA Products

    Belgium's Solvay to cut 140 jobs across two German sites

    Solvay's Restructuring Plans in Germany

    (Reuters) - Belgian chemicals group Solvay said on Thursday it plans to cut 140 jobs across two sites as it consolidates its German footprint.

    Job Cuts and Site Closures

    The group added it will allocate 25 million euros ($29.44 million) in restructuring expenses and strategic investments, mainly throughout 2026.

    Financial Implications of Restructuring

    "Solvay is taking measures to secure its long-term competitiveness in Germany," the group said in a statement.

    Health Concerns Related to TFA Products

    It will cut 100 jobs at its Bad Wimpfen site in Germany, as it ends production of Trifluoroacetic Acid (TFA) products and all of its derivatives across the group by early 2026.

    Solvay last year announced closing its Salindres site in France, which also made TFA and its fluorinated derivatives.

    TFA products are classified as PFAS, so-called "forever chemicals" that do not break down easily in the human body or nature, according to the OECD definition.

    PFAS, used in a wide range of products including non-stick cookware and firefighting foams, are associated with certain cancers, hormonal dysfunction and other diseases.

    Solvay added it will also cut 40 jobs in its Garbsen site in Germany, which is scheduled to cease operations by 2028.

    ($1 = 0.8492 euros)

    (Reporting by Dimitri Rhodes, Editing by Louise Heavens and Richard Chang)

    Key Takeaways

    • •Solvay to cut 140 jobs in Germany.
    • •Restructuring involves 25 million euros in expenses.
    • •TFA production to cease by 2026.
    • •Job cuts at Bad Wimpfen and Garbsen sites.
    • •PFAS health concerns drive changes.

    Frequently Asked Questions about Belgium's Solvay to cut 140 jobs across two German sites

    1What is restructuring?

    Restructuring refers to the process of reorganizing a company's structure, operations, or finances to improve efficiency and adapt to market changes.

    2What are job cuts?

    Job cuts occur when a company reduces its workforce, often due to financial constraints or restructuring efforts.

    3What are PFAS?

    PFAS, or per- and polyfluoroalkyl substances, are a group of man-made chemicals used in various products for their water- and grease-resistant properties.

    4What is a financial implication?

    A financial implication refers to the potential economic effects or consequences of a decision or action taken by a business or organization.

    More from Finance

    Explore more articles in the Finance category

    Image for If US attacks, Iran says it will strike US bases in the region
    If US attacks, Iran says it will strike US bases in the region
    Image for Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Image for Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Image for NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    Image for Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Image for US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    Image for Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Image for Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Image for The Kyiv family, with its pets and pigs, defying Russia and the cold
    The Kyiv family, with its pets and pigs, defying Russia and the cold
    Image for Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    View All Finance Posts
    Previous Finance PostGerman economy ministry open to idea of SEFE, Uniper tie-up, sources say
    Next Finance PostBanco BPM CEO says merger with Credit Agricole Italia would be good for Italy