Dutch paint giant Akzonobel slashes 2,000 jobs worldwide

Dutch paint giant Akzonobel slashes 2,000 jobs worldwide …C0NTINUE READING HERE >>>

AkzoNobel’s CEO sought to put a positive gloss on the job cuts.
Photo: Robin VAN LONKHUIJSEN / ANP/AFP
Source: AFP

AkzoNobel, the world’s leading paintmaker and manufacturer of Dulux paint, said Tuesday it was cutting 2,000 jobs globally, more than five percent of its workforce, as it strives to cut costs.

Chief Executive Greg Poux-Guillaume said the job losses would allow the Dutch company to “become more agile in volatile markets and offset headwinds such as rising labour cost.”