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| Feb. 02 | Ownership Group Including H&M and Ikea Cedes Control of Treetotextile to Lenzing - Di | FW |
| Feb. 02 | Lenzing to Buy Majority Stake in Sweden's TreeToTextile | MT |
Published on 09/29/2025 at 06:05 am EDT
Lenzing AG announced that in order to strengthen operational efficiency, The company plans to reduce the costs with a series of efficiency measures. This includes a reduction in headcount in the Lenzing-based headquarter. Jobs particularly in the administrative area will be reduced by approximately 300 employees, thereof 250 until the end of 2025.
This is expected to result in annual savings of over EUR 25 million from financial year 2026 onwards.
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