EMCC European Monitoring Centre on Change

Novozymes

Company/Organisation:
Novozymes

Geographic Location

Country: World
Location of affected unit(s): n/a

Company

Sector: Manufacturing
Manufacture of chemicals and chemical products
20.14 - Manufacture of other organic basic chemicals
Number Employed: 6500
Group: Novozymes

Employment Effects

Announcement Date: 28-08-2019
Planned Job Reductions min: 280
Planned Job Reductions max: 330
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-09-2019
Direct Dismissals: 330

Additional Information

The Danish multinational producer of enzymes, Novozymes, informed on 28 August 2019 that the company plan to dismiss between 280 and 330 at global level with the aim to make capital available for new investments. The countries where the redundacies will take place are not specified, with the exception of Denmark where 123 employees will lose their job. Novozymes informs in the press release that 'dismissals will happen across divisions, functions and regions and in accordance with local processes and requirements. In addition, a number of employees will be transferred to new roles inside the company'. One of the reasons for a negative growth in first half of 2019 is that American customers in the agriculture sector have been challenged by floods.

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