"AkzoNobel is planning to cut about 2,000 jobs globally to enhance operational efficiency, aiming to streamline its management structure by 2025."
"The cuts represent more than 5% of AkzoNobel's 35,700 global employees, which includes approximately 3,500 workers in the UK and Ireland."
"Despite ongoing inflation and rising labor costs, AkzoNobel's pretax profits rose over a quarter in the first half of the year due to stringent cost control."
"CEO Greg Poux-Guillaume stated that the company aims to improve agility in volatile markets while managing growing labor costs by optimizing its operations."
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