August 31, 2015
Dutch DSM announces 'organisational, operational' changes
Dutch life and materials sciences company DSM has announced changes in its organisational and operating model that will include, among others, the slashing of 900 to 1,100 jobs by the end of 2017, or about half of its Netherlands-based staff.
DSM said last week that the restructuring and reduced headcount would enable it to save between 125 million euros (US$140 million) and 150 million euros ($168 million) by the end of 2017.
"In an increasingly global and fast-paced business environment we need to adapt our organisational and operating model to service our customers even better", DSM CEO/chairman Feike Sijbesma explained. "With the adjustments announced today (August 25), we become more agile, focused and cost-efficient".
DSM said it would implement "efficiency measures" in its major R&D centers globally, as well as in its finance, HR, legal, IT, business services, indirect sourcing, communications and corporate departments, and regional centers.
DSM moreover said it would strengthen its management structure by establishing an executive committee to enable "faster strategic alignment and operational execution by increasing focus on the development of the business, innovation and people".
The members of the executive committee are the members of the managing board: Sijbesma, Geraldine Matchett (CFO), Stephan Tanda (Life Sciences) and Dimitri de Vreeze (Materials Sciences), as well as Chris Goppelsroeder (Nutritional Products), Philip Eykerman (Strategy and M&A), Rob van Leen (R&D and Innovation) and Peter Vrijsen (Human Resources).
DSM employs around 25,000 people globally and its nutritional products arm supplies vitamins, carotenoids, eubiotics and enzymes to the global feed industry.