EMCC European Monitoring Centre on Change

Henkel

Company/Organisation:
Henkel

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of chemicals and chemical products
20.4 - Manufacture of soap and detergents, cleaning and polishing preparations, perfumes and toilet preparations
Number Employed: 50000

Employment Effects

Announcement Date: 26-11-2004
Planned Job Reductions min: 3000
Planned Job Reductions max: 3000
Type of Restructuring: Merger/Acquisition
Foreseen End Date: 31-12-2006

Additional Information

Following the recent acquisitions of Sovereign Specialty Chemicals and Dial, the German manufacturer of soap and detergents Henkel is planning to reduce its number of employees by 6% (with a total loss of 3,000 jobs). The job cuts will mostly affect Europe and the USA. The restructuring programme is expected to be concluded by 2006. Henkel has already cut off 3,000 jobs since 2001.