Evonik Industries AG/ADR
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See all $EVKIF insider activity →Evonik Industries' stock rose 2.8% to €17.73 after announcing a transformation plan to cut 3,200 jobs by 2029, reorganize its portfolio, and explore investments in Asia and the Americas. The company also plans to divest two units, Syneqt and Oxeno, and will avoid compulsory redundancies. This follows a recent downgrade by Morgan Stanley.
Evonik Industries' stock rose 2.8% to €17.73 after announcing a transformation plan to cut 3,200 jobs by 2029, reorganize its portfolio, and explore investments in Asia and the Americas. The company also plans to divest two units, Syneqt and Oxeno, and will avoid compulsory redundancies. This follows a recent downgrade by Morgan Stanley.
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Evonik Industries' stock rose 2.8% to €17.73 after announcing a transformation plan to cut 3,200 jobs by 2029, reorganize its portfolio, and explore investments in Asia and the Americas. The company also plans to divest two units, Syneqt and Oxeno, and will avoid compulsory redundancies. This follows a recent downgrade by Morgan Stanley.
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