Royal DSM to Cut 1,000 Jobs as Chief Strives to Meet Profit Goals

Royal DSM NV (DSM), the world’s largest maker of vitamins, will cut 1,000 jobs across Europe as Chief Executive Officer Feike Sijbesma strives to meet profit goals. Cutting more than 4 percent of the workforce will help boost profit by 150 million euros ($185 million), Sijbesma and Chief Financial Officer Rolf-Dieter Schwalb said on a call. DSM, based in Heerlen, the Netherlands, fell as much as 5 percent to 39.14 euros after highlighting increased doubt over the strength of Europe’s economies.

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