FRANKFURT — Henkel announced Thursday plans to cut 1,200 jobs in its adhesives division as part of the company’s efforts to trim costs. The German manufacturer missed sales expectations in the second quarter, largely owing to a slower demand for adhesives in North America and China. Originally slated to take place by the end of 2016, the layoffs will be moved up to March. Henkel’s adhesives division includes the Loctite and Pattex brands.
Henkel to cut 1,200 adhesives jobs
Most Recent
Most Read
Former Home Depot exec Jeff Kinnaird to lead Peak Group
Tue, September 10th, 2024
Gatineau RONA affiliate gets a makeover
Tue, September 10th, 2024
Dealer News looks at gypsum, commercial sales
Tue, September 10th, 2024
7-Eleven parent rebuffs Couche-Tard offer
Mon, September 09th, 2024
Canadian Tire among Most Trustworthy Companies
Mon, September 09th, 2024
Home Depot tackles problem of organized retail crime
Mon, September 09th, 2024
Castle grows in Quebec
Fri, September 06th, 2024
Novik, Gentek team up for distribution
Fri, September 06th, 2024
Osram renews licensing deal with Ledvance
Fri, September 06th, 2024
Further interest rate cuts expected after Wednesday's drop
Fri, September 06th, 2024