German polysilicon manufacturer will certainly reduce 1,000 tasks

Feb 21, 2020 09:06 AM ET
  • Wacker Chemie has actually taken the very first steps of its restructuring program with the lay-offs set to specifically influence its German areas. Poor efficiency by the chemical firm's polysilicon organisation is the major source of the situation.
German polysilicon manufacturer will certainly reduce 1,000 tasks
Image: Wacker Chemie AG

Munich-based chemical team Wacker Chemie AG has actually started its "Shaping the Future" reorganizing strategy by revealing 1,000 work will certainly be shed by the end of 2022 as it intends to conserve EUR250 million each year.

The firm introduced around 800 messages will certainly be chosen at German websites with management team as well as individuals operating in non-operational as well as indirect functions those in jeopardy.

As for feasible, the work cuts will certainly be recognized via retired life, partial retired life plans or discontinuation contracts, Wacker stated, stressing it intends to stay clear of redundancies amongst its making personnel.

Harder speed

Principal personnels policeman Christian Hartel stated he was certain "reasonable as well as great remedies" could be discussed with staff member reps. Wacker uses around 14,500 individuals worldwide, 10,000 of whom are based in Germany.

Wacker manager Rudolf Staudigl claimed the firm "is preparing itself to take a harder speed in the competitors both in the polysilicon organisation and also in our chemical departments".

Yearly numbers for 2019 released by Wacker last month suggested hefty losses after write-downs associated with the firm's polysilicon department.

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