Sector News

Linde to cut more than 800 jobs in Germany: source

October 24, 2019
Chemical Value Chain

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

Related News

April 9, 2020

Global chem trade flows shift to Asia as pandemic causes demand collapse in the West

Chemical Value Chain

Asia may end up as a dumping ground for many chemicals from the world over, as US and European markets slump and economies slide into recession. With demand drying up […]

April 7, 2020

ExxonMobil reduces 2020 capex by $10 billion

Chemical Value Chain

ExxonMobil will reduce 2020 capital spending by 30% and lower cash operating expenses by 15% in response to low commodity prices resulting from oversupply and demand weakness from the coronavirus […]

April 7, 2020

Air Liquide enters exclusive talks with EQT for Schülke sale

Chemical Value Chain

Air Liquide says it has entered into exclusive negotiations with private equity firm EQT (Stockholm, Sweden) for the potential sale to EQT of its wholly owned subsidiary Schülke & Mayr […]