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Umicore May Cut Up to 350 Jobs Over Next Two Years

PUBT·11/12/2026 08:04:39
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Umicore May Cut Up to 350 Jobs Over Next Two Years
  • Umicore's proposed restructuring could eliminate up to approximately 350 jobs over the next two years, primarily in corporate functions across several regions.
  • The operating-model overhaul is expected to generate approximately €60 million in annual savings by the fourth quarter of 2028.
  • Implementation will be phased through the end of 2029.
  • Consultations with unions and works council representatives have begun, with support planned for affected employees.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Umicore NV published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611120230OMX_____EUPR__NL_GNW1001303138_nl) on November 12, 2026, and is solely responsible for the information contained therein.