1,200 job cuts (~20% of the remaining workforce) announced yesterday at a European Forum meeting.
Head offices employees “offered”to move to production sites. Significant headcount reduction in GBCs at Prague (Czech Republic) and Budapest (Hungary), with jobs transferred to... Guess where? India, bingo.
This does not factor in possible sales/shutdown of chemical sites in the UK and Belgium.
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Strong sentiment here on Europe at LinkedIn -
https://www.linkedin.com/posts/gilles-telal-119137ba_yesterday-was-a-black-tuesday-for-all-the-activity-7378917248276635648-qGAr
Good thing we spent so much money on biz class tickets & pricey hotels to ramp up Budapest!