Wacker Chemie to cut more than 1,500 jobs


Release time:

02 Dec,2025

German chemical company Wacker Chemie (WCHG.DE), opens new tab plans to cut around 9% of its workforce, mostly in Germany, by the end of 2027

Nov 27 (Reuters) - German chemical company Wacker Chemie  (WCHG.DE), opens new tab plans to cut around 9% of its workforce, mostly in Germany, by the end of 2027, it said on Thursday, blaming high energy prices and excessive bureaucracy in Europe's biggest economy.

Wacker, which had announced a cost savings programme last month but gave no details, said it aims for annual savings of more than 300 million euros ($347 million) and will implement the scheme from the first quarter of 2026 up to the end of 2027.

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