Chemical slump deepens: Wacker Chemie to cut 1,500 jobs; German sector hit by high energy costs and weak demand
German chemical major Wacker Chemie on Thursday announced plans to cut 1,500 jobs, nearly a tenth of its global workforce, as the industry faces one of its toughest periods in decades. The company said most of the reductions will take place in Germany, with the process to be completed by the end of 2027, according…