EMCC European Monitoring Centre on Change

Novozymes

Company/Organisation:
Novozymes

Geographic Location

Country: Denmark
Region: Københavns amt
Location of affected unit(s): Bagsværd

Company

Sector: Manufacturing
Manufacture of chemicals and chemical products
20.14 - Manufacture of other organic basic chemicals
Number Employed: 2687
Group: Novozymes

Employment Effects

Announcement Date: 28-08-2019
Planned Job Reductions min: 123
Planned Job Reductions max: 123
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-09-2019
Direct Dismissals: 123

Additional Information

The Danish multinational producer of enzymes, Novozymes, informed on 28 August 2019 that 123 employees are to be dismissed in Denmark out of the total 330 redundancies at global level with the aim to make capital available for new investments for the company. 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 the first half of 2019 is that American agriculture customers have been affected by floods.

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