Talent Risk · Employers · Technology
Umicore
Umicore is showing signs of job cuts.
Reported, not yet confirmed: one major outlet. Latest, on 12th November: Umicore announced up to 350 job cuts worldwide over the next 2 years as part of organisational efficiency to save approximately 60 million euros…
How to read this page
- The label (Cutting, Signs or Quiet) comes from one published rule applied to the sources listed: the company, formal notices and named outlets. The rule
- The figures count each announcement once. Where a figure is left out, the record says why (one report only, offered not cut, same round).
- Summary says what is happening and what would change the label; Full record lists every report, linked.
What’s happening, and where
- 12th November 2026Cuts announced in BelgiumUmicore announced up to 350 job cuts worldwide over the next 2 years as part of organisational efficiency to save approximately 60 million euros annually by Q4 2028. In Belgium, fewer than 100 jobs expected to be cut, mainly in finance, HR, information systems and indirect procurement.One major outlet so far · VRT · The facts and every source →
Which jobs Finance and accounting · HR and recruitment · IT, infrastructure and data · Operations, admin and back office
Next This becomes Cutting if the company, a formal notice or a second major outlet confirms cuts.
The last 12 months
Not enough history to compare. We have under a year of history for this employer, so there is nothing of its own to compare this with yet.
This label is our opinion, reached by applying one published rule to the sources listed. Umicore can correct the record at any time.
At a glance
| Label | Signs since the week to 12th Nov |
|---|---|
| Latest on the record | 12th November 2026 · Cuts announced |
| Jobs named in cuts | Finance and accounting · HR and recruitment · IT, infrastructure and data · Operations, admin and back office |
| Where the jobs are | Belgium |
| Jobs we count | 0 of the 350 jobs reported, each round once; not counted: 350 in 1 figure: figure given by one report only. How we count |
| Normal for them? | Not enough history to compare. We have under a year of history for this employer, so there is nothing of its own to compare this with yet. |
| Sources, 12 months | 1 report from 1 outlet, each linked below |
| Headquarters · sector | Belgium · Technology · part of Société Générale de Belgique · UMI |
Identifiers Wikidata Q902769 · LEI 529900F3AIQECS8ZSV61 · SEC CIK 0001477038 · ISIN BE0003884047 · ISIN BE0974320526 · UMI on Euronext Brussels · UMICF on OTC Markets Group · About these
What happened
Every event on the record, newest first. Each has its own page; open a row’s reports to see every source. How we decide
- 12th NovUmicore to cut 350 jobs350jobs, not yet confirmed
Umicore announced up to 350 job cuts worldwide over the next 2 years as part of organisational efficiency to save approximately 60 million euros annually by Q4 2028.
The source: VRT
- 12th Nov
VRT Major outlet
Umicore announced up to 350 job cuts worldwide over the next 2 years as part of organisational efficiency to save approximately 60 million euros annually by Q4 2028. In Belgium, fewer than 100 jobs expected to be cut, mainly in finance, HR, information systems and indirect procurement.
- 12th Nov
In their own words
“"Om onze prestaties en groei op de lange termijn te bestendigen, moeten we zowel investeren in onze industriële capaciteiten als onze organisatie doeltreffender maken", zegt topman Bart Sap in een persbericht.”
In context
How the label has changed · 26 weeks
| 12th Nov | Quiet → Signs · Reported, not yet confirmed: one major outlet |
|---|
Peers in technology
Job cuts in 12 months as a share of each employer’s workforce. Umicore’s workforce is not on our record, so it is shown by jobs, unranked.
Related companies
Part of Société Générale de Belgique.
Related companies are never compared as peers.
Right of reply
Umicore can reply or correct this record at any time.
This label is our opinion, reached by applying one published rule to the sources listed.