Chemical slump deepens: Wacker Chemie to cut 1,500 jobs; German sector hit by high energy costs and weak demand
Chemical slump deepens: Wacker Chemie to cut 1,500 jobs; German sector hit by high energy costs and weak demand
German chemical giant Wacker Chemie is set to eliminate 1,500 jobs, approximately 10% of its global workforce, by the end of 2027. This significant reduction, primarily in Germany, is part of a strategy to save over 300 million euros annually. The company cited weak demand, intense competition, and high energy prices as key drivers for these measures.
German chemical giant Wacker Chemie is set to eliminate 1,500 jobs, approximately 10% of its global workforce, by the end of 2027. This significant reduction, primarily in Germany, is part of a strategy to save over 300 million euros annually. The company cited weak demand, intense competition, and high energy prices as key drivers for these measures.
German chemical giant Wacker Chemie is set to eliminate 1,500 jobs, approximately 10% of its global workforce, by the end of 2027. This significant reduction, primarily in Germany, is part of a strategy to save over 300 million euros annually. The company cited weak demand, intense competition, and high energy prices as key drivers for these measures. 
