Germany's Wacker Chemie cuts 1,500 jobs, citing high energy costs

NAMPA / DPA

2025-11-27

Munich (dpa) - Munich-based Wacker Chemie announced on Thursday that it plans to cut 1,500 jobs as part of attempts to save ?300 million ($350 million) a year in the face of severe losses and high energy costs. The chemicals company has around 16,600 staff worldwide with around 10,700 in Germany. Most of the job cuts are to fall on its German operations. Wacker posted a net loss of almost ?105 million for the first nine months. "We are currently......

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