Henkel AG & Co. KGaA (HENOY)
- Reuters
Deutsche Bank links Henkel supply chain financing to ESG ratings
Deutsche Bank said on Thursday it had linked its supply chain financing for Henkel to environmental, social and governance (ESG) ratings of the German consumer goods group's suppliers in the first move of this kind in Europe. The programme, which Deutsche Bank currently offers in Europe but aims to expand to other countries, gives Henkel's suppliers a discount on costs of financing in the supply chain according to their ESG rating.
- Reuters
UPDATE 3-Henkel to cut 2,000 jobs in face of rising costs, slow demand
Germany's Henkel is slashing 2,000 jobs in response to rising costs and low demand for its shampoos and hair sprays and aims to make 500 million euros ($530 million) in gross savings in the medium-term from the merger of its cosmetics and detergents units. Global supply chain issues are adding to the difficulties that prompted Henkel to cut its outlook last month. Henkel shares gained as much as 2% after the announcement on Thursday and traded unchanged at 60.72 euros at 0919 GMT.
- Reuters
Henkel to cut 2,000 jobs in face of rising costs, slow demand
BERLIN (Reuters) -Germany's Henkel is slashing 2,000 jobs in response to rising costs and low demand for its shampoos and hair sprays and aims to make 500 million euros ($530 million) in gross savings in the medium-term from the merger of its cosmetics and detergents units. Global supply chain issues are adding to the difficulties that prompted Henkel to cut its outlook last month. Henkel shares gained as much as 2% after the announcement on Thursday and traded unchanged at 60.72 euros at 0919 GMT.
