DSM-Firmenich Cuts 1,000 Jobs While Expanding Bovaer Production
DSM-Firmenich AG announced a global capacity footprint reduction of 1,000 positions alongside production expansion at Bovaer plant in its second-quarter results.
The reduction follows the company's decision to become a consumer-focused organization and simplify its organizational structure.
Capital expenditures for 2026 remain elevated as Bovaer plant plans to commence its operations by year-end, according to the company.
Bovaer sales timing weighed on first-quarter growth but added approximately 1 percentage point to Taste, Texture & Health growth in the second quarter, according to the management....
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