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flag Wacker Chemie to cut 1,500 jobs by 2027 to save €300M amid weak demand and high costs.

flag German chemical giant Wacker Chemie plans to cut 1,500 jobs—about 10% of its global workforce—by end of 2027, primarily in Germany, to save over 300 million euros annually amid weak demand, high energy costs, and fierce global competition. flag The move follows a third-quarter net loss of 80 million euros and reflects broader struggles in Germany’s chemical sector, which is experiencing its weakest production levels in over 30 years. flag The industry has been hit by recession, regulatory hurdles, and competition from China, with Wacker’s shares rising despite the cuts. flag The job reductions underscore deepening challenges in Germany’s industrial base.

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