LANXESS

Mining & Materials Worldwide, with roughly two-thirds in Germany

Report

Total cuts

About 550

Estimate

Date announced

March 19, 2026

Supporting source

LANXESS Official filing

Layoff Summary

LANXESS announced a further reduction of about 550 jobs, roughly two-thirds of them in Germany.

The specialty-chemicals company intensified cost reductions after weak sales and historically low capacity utilization.