Home Business News Chemicals manufacturer Johnson Matthey to axe hundreds of jobs

Chemicals manufacturer Johnson Matthey to axe hundreds of jobs

by LLB staff reporter
22nd Nov 23 12:33 pm

Chemicals manufacturer Johnson Matthey have announced they are to axe around 600 jobs and cut 30% of their management team in an effort to cut costs and reorganise the business.

Johnson Matthey who make catalytic converters for vehicles and will re-focus their efforts on being a global energy transition business.

The company employs around 12,600 people globally in more than 30 countries and the latest round of job cuts will see 900 jobs axed as four manufacturing sites will close, on top of the three which were closed earlier this year.

A spokesman for the company said, “Johnson Matthey is transitioning to being a global energy transition company focussed on our core precious metals and catalysing technologies, and we are rightsizing the supporting functional organisation with a reduction of around 600 people as we are outsourcing business processes.

“We are also investing significantly in new technologies and hiring more talent in engineering and commercial roles.”

Liam Condon, Johnson Matthey’s chief executive officer, said, “We are executing on our transformation at pace to simplify the business and drive improved performance.

“Across the group, we continue to upskill our commercial capabilities and our transformation programme is creating a more streamlined organisation and unlocking significant cost savings.”

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