German specialty chemical company Evonik Industries announced plans to eliminate 3,200 positions globally between 2027 and the end of 2029. The cuts are part of a broader restructuring effort aimed at streamlining operations and improving profitability. Approximately 2,150 of the affected jobs will be located in Germany, representing a significant impact on the domestic workforce. Evonik did not specify the exact areas where job losses will occur, but indicated the reductions will be implemented over the next three years. This announcement follows previous cost-cutting measures and reflects a challenging economic environment for the chemical industry. The company aims to refocus on higher-growth areas and improve its competitive position through the restructuring. Further details regarding the implementation of the plan are expected to be released in the coming months.