Industrials gases group Linde plans to cut more than 11% of its German workforce following its merger with U.S. rival Praxair, a person familiar with the plans told Reuters.
More than 800 of the total 7,000 jobs in Germany will be cut, the person said, adding all businesses, including plant engineering and gases, would be affected.
German newspaper Frankfurter Allgemeine Zeitung first reported the cuts.
A Linde spokesman declined to comment.
By Alexander Huebner
Source: Reuters
3M and Dow have announced they are cutting thousands of roles from their global workforces in response to economic pressures. Dow has said it will cut 2,000 jobs across its global workforce (around 5%) in a bid to save US$1bn in 2023. The company says it will also cut costs by shutting down “select assets”, though it did not note where it would halt operations.
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Henkel and Avantium have been partners since 2019, when Henkel joined the PEFerence consortium. This consortium of partners, coordinated by Avantium, aims to establish an innovative supply chain for FDCA and PEF (polyethylene furanoate).
