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2014-07-24

LANXESS Board of Management initiates Group-wide restructuring program

Cologne – As part of the realignment of LANXESS, the Board of Management has initiated a Group-wide restructuring program at its board meeting today. Talks about planned measures resulting from the program are now being held with the Supervisory Board and employee representatives.

 

Administrative structures and decision-making processes are to be streamlined. Customer and market orientation in the business units will be further improved.

 

At the beginning of May, as part of the publication of the first quarter 2014 results, LANXESS already announced that it is developing measures to reduce costs and increase competitiveness. LANXESS will provide detailed information about the restructuring program during the second half of this year.  

Forward-Looking Statements

This news release contains forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

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