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News 172 views last update:6 Aug 2012

Cost saving measures at DSM

Royal DSM N.V., the global Life Sciences and Materials Sciences company headquartered in the Netherlands is taking a number of structural cost-saving actions to strengthen the profitability and future competitiveness.

Total savings of up to €100 million per year are expected, to be fully achieved in 2010. These measures also mean a reduction of DSM's total workforce by about 5% or 1,000 positions.

The one-time cost of these savings is expected to be around €50 million of which the first part of approximately €20 million will be recognized as an exceptional item in the fourth quarter of 2008.

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