Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Tire
    • Airless Tires
    • Non-Tire
    • More News
    • Suppliers
    • Silicone
    • Latex
    • Technical Notebooks
    • Opinion
    • Online Exclusive
    • Special Reports
    • Automotive
    • Executive Action
    • Government/Legal
    • Sustainability
    • Blogs
      • Products
      • Wacky World of Rubber
    • PFAS
    • Best Places to Work
    • War in Ukraine
    • International Tire Exhibition & Conference
    • Women Breaking the Mold
  • Rubber Division IEC
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • PFAS Live
    • Ask the Expert
    • International Tire Exhibition & Conference (ITEC)
    • Women Breaking the Mold Networking Forum
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
November 02, 2020 03:52 PM

Brenntag to cut 1,300 jobs in major reorganization plan

European Rubber Journal Report
  • Tweet
  • Share
  • Share
  • Email
  • More

    ESSEN, Germany—Brenntag A.G. is cutting more than 1,000 jobs and closing 100 sites across all its regions as part of a comprehensive restructuring program to reduce costs.

    Starting in January, the German distributor will have two global divisions—Brenntag Essentials and Brenntag Specialities, with "strong focus" on changing customer and supplier needs, it announced Oct. 27.

    As part of "Project Brenntag," the distributor expects to cut 1,300 jobs over the next two years out of its global work force of 17,500, with 200 positions impacted in Germany.

    Brenntag said it is closing about 100 sites across the globe, half of which are third-party logistics sites.

    In the meantime, the Essen-based group said it would make a significant investment in existing and new sites to create regional hubs, and "close white spots in the network."

    "The optimization envisions closing sites to consolidate the site network in geographies and improve the utilization of existing sites," the group said.

    The program is expected to deliver an additional $256 million per year in earnings starting in 2023 and will incur a cost of $430 million, Brenntag said.

    "With our transformation program Project Brenntag, we take decisive action to create the strong basis for sustainable organic earnings growth in the coming years," said Christian Kohlpaintner, CEO Brenntag Group.

    Project Brenntag also entails new roles, including a new leadership structure. Brenntag did not elaborate on the planned changes in the management structure, but said it would "invest significantly" in training employees to bring in their strengths and expertise in the best possible way.

    Related Articles
    Brenntag opens Ohio distribution center
    Brenntag opens innovation center in Pennsylvania
    Brenntag taps Clariant's Christian Kohlpaintner for new chief executive
    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Merger: Tipco Technologies, HydraTech join forces for hose distribution
    2
    Consumer Reports: EVs are far less reliable than ICE
    3
    Kumho, Synthos partner on neodymium-butadiene rubber
    4
    EPA targets hazardous emissions from tire rubber mixing
    5
    Watch: Continental all-in with simulation in tire development
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Tire
      • Airless Tires
      • Non-Tire
      • More News
        • Automotive
        • Executive Action
        • Government/Legal
        • Sustainability
        • Blogs
          • Products
          • Wacky World of Rubber
      • Suppliers
      • Silicone
      • Latex
      • Technical Notebooks
      • Opinion
      • Online Exclusive
      • Special Reports
        • PFAS
        • Best Places to Work
        • War in Ukraine
        • International Tire Exhibition & Conference
        • Women Breaking the Mold
    • Rubber Division IEC
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • International Tire Exhibition & Conference (ITEC)
        • Women Breaking the Mold Networking Forum
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
      • PFAS Live
      • Ask the Expert
    • Advertise
    • DIGITAL EDITION