Wacker Chemie Becomes Latest German Company to Cut Jobs in Ailing Labor Market

Core Viewpoint - The company plans to cut more than 1,500 jobs to reduce costs and enhance its competitive position against Chinese rivals [1] Group 1 - The job cuts are part of a broader strategy to streamline operations and improve efficiency [1] - The decision reflects the company's response to increasing competition from Chinese firms [1] - The move is expected to have a significant impact on the company's overall cost structure [1]