Sir Jim Ratcliffe's chemicals empire, Ineos, has introduced a company-wide hiring freeze as it prioritises debt reduction following years of rapid expansion and weakening market conditions. The British-founded group confirmed a "general recruitment freeze" while tightening capital spending after acquiring assets worth around €2.7 billion across the US, Europe and Asia between 2022 and 2024. The move comes as Ineos grapples with overcapacity in the chemicals market, new US tariffs and falling prices that have squeezed margins across its core businesses.
I started my career in law enforcement, working for many years (17) as a police officer. That experience grounded me in investigative work, crisis response, and people leadership under pressure. I later worked in high-risk international environments like Afghanistan and Libya, advising and managing complex security operations - experiences that deeply shaped my resilience and strategic thinking. After transitioning to the private sector in 2015, I held leadership roles in the retail and automotive industries before joining BASF in 2022.