Umicore invests €450M in Hoboken, cuts 350 jobs to save €60M by 2028

Umicore announced a €450 million investment in its Hoboken plant alongside a plan to cut up to 350 jobs over two years, targeting €60 million in savings by Q4 2028. The restructuring reflects a shift toward a simpler operational model amid cost pressures. The move signals margin-focused strategy but may face union resistance, with execution risk.

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