The iconic paint manufacturer Dulux is set for a downsizing drive as job cuts loom, its parent company AkzoNobel disclosed on Tuesday. In a move to curb expenses, the Dutch conglomerate announced a sweeping redundancy programme targeting completion by 2025 to enhance operational efficiency.

Boasting global operations across 150 nations, including the UK, AkzoNobel intends to “streamline” its managerial ranks, affecting upwards of five per cent of its 35,700-strong workforce worldwide.

With the…