Against the background of changing market conditions, especially with regard to ever-stronger competition and increasing cost pressure, the Management Board of Henkel KGaA has established the basics of an efficiency enhancement program.

“With this step, we are responding early and responsibly to the ever faster changes in our markets,” says Ulrich Lehner, chairman of the Management Board of Henkel KGaA. “This way, we prepare for oncoming developments and ensure the future viability of our company from a position of strength.”

The program, which will be initiated on a worldwide level, intends to define projects in all business sectors, regions and functions with the goal of strengthening both Henkel’s profitability and long-term competitiveness. The initiative, with a volume of about €500 million, is designed to generate annual savings of around €150 million beginning in 2011. Based on experience from similar programs carried out in the past, these measures could result in the reduction of about 3,000 jobs.

“The program is not about mere reduction of costs, but about an investment in processes and structures with future viability to which we are committed due to our corporate responsibility,” said Lehner. “As in the past, and in accordance with our tradition and values, the possible job reduction will be carried out in a socially responsible manner.”

Henkel will finalize the details of the program following the development of single project ideas and subsequent discussions with both the works councils and the employees likely to be affected.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!


ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

Adhesives & Sealants Industry Magazine

ASI May 2015 cover

2015 May

You won't want to miss our May issue, with a special packaging-focused Adhesives at Work section, as well as coverage of pressure-sensitive adhesives (PSAs), biorenewable feedstocks, and more!

Table Of Contents Subscribe

Better Jobs

Is the economy prompting you to consider leaving your job for a better one?
View Results Poll Archive


Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

ASI 2014 Buyers GuideASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 


facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.