• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Additives Update

    Pigment Supplier Directory

    Interior Architectural Coatings

    Biocides Update

    Powder Coatings Market
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Video Bites
    Raw Materials & Equipment
    Suppliers News
    Live From Shows
    Top News
    Scott McLaughlin to Race in PPG Colors During Rookie INDYCAR Season

    Vink Chemicals Offers parmetol PSG

    Minwax Announces Vintage Blue as 2021 Color of the Year

    Palmer Holland Expands Roles, Positions Of Business Teams

    In Memoriam: CIN’s Honorary Chairman António Serrenho
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    Clark+Kensington 2021 Color Trends Inspired by Nature

    Scott McLaughlin to Race in PPG Colors During Rookie INDYCAR Season

    Q&A with Kim Perry of Glidden Paint by PPG

    Minwax Announces Vintage Blue as 2021 Color of the Year

    LINE-X Launches Dealer Program with International Truck
    Additives
    Binders
    Pigments
    Solvents

    Vink Chemicals Offers parmetol PSG

    OQ Chemicals Announces Sales Control for US Oxo Intermediates

    Active Minerals Announces Shipping Container Surcharge

    Huntsman Finalizes Acquisition of Gabriel Performance Products

    LANXESS Acquires Biocides Specialist INTACE
    Buyers Guide
    Company Capabilities
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    ROSS Mixers

    Eagle Specialty Products

    Siltech Corporation

    Active Minerals

    Keim Additec Surface USA LLC
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    The Waterborne Symposium (2021)

    Cleveland Coatings Society Zoom Meeting

    Surface Finishing Mexico 2021

    Cleveland Coatings Society Zoom Meeting

    Cleveland Coatings Society Zoom Meeting
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Active Minerals

    Shepherd Color Company, The

    Keim Additec Surface USA LLC

    Siltech Corporation

    Eagle Specialty Products
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    WACKER Drives Implementation of 'Shape the Future' Efficiency Program Forward

    ...

    WACKER Drives Implementation of
    Related CONTENT
    • Reports from the Show: Trust Chem
    • BCF: Coatings Industry Business Confidence Returns to Pre-Covid Levels
    • USGBC Readies Green Building Industry for a LEED Positive Future During Greenbuild
    • British Coatings Federation Announces Coatings Care Awards Winners
    • AkzoNobel Adds 2 Solar Projects
    Coatings World staff10.19.20
    Wacker Chemie AG is moving forward with “Shape the Future,” its efficiency program initiated last November. 
     
    The Munich-based chemical company announced that company management and employee representatives have agreed on a framework for the planned job cutbacks. 
     
    In this regard, some 1,000 jobs in total will go to Germany by the end of 2022. 
     
    The job cuts will affect mainly WACKER’s administrative departments and the indirect and non-operational functions of its business divisions. 
     
    In addition, 200 jobs will be cut back at international sites.
     
    The layoffs in Germany are to be implemented exclusively with socially responsible and voluntary measures. These include retirement, phased retirement or severance agreements. The recently reached agreement excludes forced layoffs.
     
    Moreover, it was decided that qualified trainees will continue to be taken over. 
     
    The company is thereby making an important contribution toward offering young people an attractive career perspective after they have completed their training. This policy also secures WACKER’s access to well-qualified young professionals in the future.
     
    The company confirmed that by reducing non-personnel costs and the scope of internal services and slimming down the organization, it will achieve its annual savings goal of €250 million by the end of 2022. 
     
    Half the total amount is accounted for by non-personnel costs and the other half by personnel costs. WACKER is expecting non-personnel-cost savings of over €50 million this year. 
     
    In 2021, the amount saved is likely to exceed €100 million. Significant savings in personnel costs are not expected before next year.
     
    “The main purpose of 'Shape the Future' is to support the company’s profitable growth by keeping WACKER’s organization aligned with customers’ needs and requirements,” said CEO Rudolf Staudigl. “In both our polysilicon business and our chemical divisions, we are preparing ourselves for a harsher competitive environment. We not only want to achieve significant cost-savings but also to decisively strengthen WACKER for tomorrow’s challenges and secure a long-term competitive edge."
     
    “With the agreements, we have just concluded, we have created the framework that will enable us to go ahead quickly with the implementation phase of the planned organizational changes. Together with the employee council, we will now work out the personnel measures in detail,” added Executive Board member Christian Hartel. “We are very satisfied that we have succeeded in achieving our goals with good and fair solutions with this agreement."
     
    Suggested For You
    Reports from the Show: Trust Chem Reports from the Show: Trust Chem
    BCF: Coatings Industry Business Confidence Returns to Pre-Covid Levels BCF: Coatings Industry Business Confidence Returns to Pre-Covid Levels
    USGBC Readies Green Building Industry for a LEED Positive Future During Greenbuild USGBC Readies Green Building Industry for a LEED Positive Future During Greenbuild
    British Coatings Federation Announces Coatings Care Awards Winners British Coatings Federation Announces Coatings Care Awards Winners
    AkzoNobel Adds 2 Solar Projects AkzoNobel Adds 2 Solar Projects
    BCF Technical Director Awarded UK Coatings Industry’s Highest Honor BCF Technical Director Awarded UK Coatings Industry’s Highest Honor
    Preparations for ABRAFATI 2021 Advance Preparations for ABRAFATI 2021 Advance
    WACKER Expands Capacity for Polymer Products at Nanjing WACKER Expands Capacity for Polymer Products at Nanjing
    Barentz Acquiring Maroon Group Barentz Acquiring Maroon Group
    European Coatings Show Rescheduled for September 2021 European Coatings Show Rescheduled for September 2021
    BASF to Increase Production Capacity for Synthetic Ester Base Stocks in Jinshan, China BASF to Increase Production Capacity for Synthetic Ester Base Stocks in Jinshan, China
    PPG Projects Strong 3Q Financial Results PPG Projects Strong 3Q Financial Results
     AOC Acquires Maleic Anhydride Business from Ashland Global Holdings Inc. AOC Acquires Maleic Anhydride Business from Ashland Global Holdings Inc.
    Arkema Places Inaugural Green Bond Arkema Places Inaugural Green Bond
    Jonathan Goff Appointed as Gelest Chief Technology Officer Jonathan Goff Appointed as Gelest Chief Technology Officer

    Related Breaking News

    • Automotive Refinish | Breaking News | Paint & Coatings Manufacturer News
      Scott McLaughlin to Race in PPG Colors During Rookie INDYCAR Season

      Scott McLaughlin to Race in PPG Colors During Rookie INDYCAR Season

      New Zealand driver will compete in No. 3 PPG Chevrolet for 10 races in 2021.
      Kerry Pianoforte, Editor 01.27.21

    • Additives | Breaking News | Industry News
      Vink Chemicals Offers parmetol PSG

      Vink Chemicals Offers parmetol PSG

      Vink Chemicals provides alternative preservative formulations for container preservation.
      Anthony Locicero, Associate editor 01.27.21

    • Breaking News | Color Trends & Forecast | Paint & Coatings Manufacturer News | Wood Coatings
      Minwax Announces Vintage Blue as 2021 Color of the Year

      Minwax Announces Vintage Blue as 2021 Color of the Year

      Company's first-ever Color of the Year.
      Anthony Locicero, Associate editor 01.26.21


    • Breaking News | People in the News
      Palmer Holland Expands Roles, Positions Of Business Teams

      Palmer Holland Expands Roles, Positions Of Business Teams

      Palmer Holland is a North American specialty chemical and fine ingredient distributor.
      Anthony Locicero, Associate editor 01.26.21

    • Breaking News | People in the News
      In Memoriam: CIN’s Honorary Chairman António Serrenho

      In Memoriam: CIN’s Honorary Chairman António Serrenho

      Serrenho started his career at CIN in 1950.
      CIN 01.26.21

    • Additives | Breaking News | Industry News
      OQ Chemicals Announces Sales Control for US Oxo Intermediates

      OQ Chemicals Announces Sales Control for US Oxo Intermediates

      Due to recent increased demand and current shortages of supply.
      Anthony Locicero, Associate editor 01.26.21


    • Breaking News
      APV Engineered Coatings Reflects on 2020

      APV Engineered Coatings Reflects on 2020

      Company remained open and operating during the COVID-19 pandemic.
      Anthony Locicero, Associate editor 01.26.21

    • Automotive Coatings | Breaking News | Industrial Coatings | Paint & Coatings Manufacturer News
      LINE-X Launches Dealer Program with International Truck

      LINE-X Launches Dealer Program with International Truck

      LINE-X’s protective coating is now standard on the International HX Series and will be available on the MV and HV Series later this year.
      Kerry Pianoforte, Editor 01.25.21

    • Breaking News | Paint & Coatings Manufacturer News | People in the News
      BCF CEO to Chair Royal Society of Chemistry Surface Coatings Interest Group

      BCF CEO to Chair Royal Society of Chemistry Surface Coatings Interest Group

      The group now has over 300 members.
      Anthony Locicero, Associate editor 01.25.21


    • Aerospace Coatings | Breaking News | Paint & Coatings Manufacturer News
      PPG Donates Coatings, Sealants to Help Restore Douglas C-54 Skymaster Aircraft

      PPG Donates Coatings, Sealants to Help Restore Douglas C-54 Skymaster Aircraft

      Aircraft used by U.S. Army Air Forces during World War II, Korean War, Vietnam War.
      Anthony Locicero, Associate editor 01.25.21

    • Aerospace Coatings | Breaking News | People in the News
      Mankiewicz Announces Leadership Change in Aviation Division

      Mankiewicz Announces Leadership Change in Aviation Division

      René Lang succeeds Andreas Ossenkopf.
      01.25.21

    • Breaking News | Paint & Coatings Manufacturer News
      AkzoNobel Attains Top Employer Status

      AkzoNobel Attains Top Employer Status

      Engaging programs secure Top Employer status for AkzoNobel.
      Kerry Pianoforte, Editor 01.25.21


    • Breaking News | Financial News
      PPG Reports Q4, Full-year 2020 Financial Results

      PPG Reports Q4, Full-year 2020 Financial Results

      Fourth quarter net sales of approximately $3.8 billion, more than 2% higher than the prior year.
      01.22.21

    • Breaking News
      BASF Begins Implementing Ralignment of Global Business Services Unit

      BASF Begins Implementing Ralignment of Global Business Services Unit

      Transfer of responsibilities and tasks to service centers starts in March 2021.
      01.22.21

    • Breaking News | People in the News
      Nouryon Appoints Curtis Espeland to Board of Directors

      Nouryon Appoints Curtis Espeland to Board of Directors

      Former Eastman CFO Espeland will also chair the Company’s Audit Committee.
      01.22.21

    Trending
    • BASF Begins Implementing Ralignment Of Global Business Services Unit
    • AkzoNobel Attains Top Employer Status
    • Minwax Announces Vintage Blue As 2021 Color Of The Year
    • PPG Donates Coatings, Sealants To Help Restore Douglas C-54 Skymaster Aircraft
    • New Strategy Sets Hempel On Path To Leadership Positions
    Breaking News
    • Scott McLaughlin to Race in PPG Colors During Rookie INDYCAR Season
    • Vink Chemicals Offers parmetol PSG
    • Minwax Announces Vintage Blue as 2021 Color of the Year
    • Palmer Holland Expands Roles, Positions Of Business Teams
    • In Memoriam: CIN’s Honorary Chairman António Serrenho
    View Breaking News >
    CURRENT ISSUE

    January 2021

    • Additives Update
    • Pigment Supplier Directory
    • Interior Architectural Coatings
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    PepsiCo and Beyond Meat Partner to Develop Plant-Based Protein
    New Study on Sage Extract Formula Suggests Memory Enhancement
    Omega-3s Evidenced to Reduce Low-Grade Inflammation in Elderly Men
    Coatings World

    Latest Breaking News From Coatings World

    Mayzo Makes 2 Appointments
    Mississippi Lime Company Announces New Director of Safety
    IFS Coatings Launches IFS Puroplaz PE20 Texture
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Spectrum Solutions Collaborates with UCLA School of Dentistry
    Kwivik Therapeutics, EirMed Partner to Accelerate Product Commercialization
    Europe Marks its First Successful Remote Robotic-Assisted Coronary Angioplasty
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Lilly, Vir, GSK Partner to Evaluate COVID Combo Therapies
    Novartis Invests in Credence MedSystems
    Ajinomoto Bio-Pharma, Humanigen Expand Manufacturing Agreement
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Coty to Shut Down Manufacturing Site in Cologne, Germany
    L’Occitane Files for Bankruptcy in U.S.
    Bésame Cosmetics Collaborates with Disney on Mary Poppins Collection
    Happi

    Latest Breaking News From Happi

    CLT Introduces Private Label Solid Air Freshener Cones
    The Florida Sunscreen Symposium Is Back!
    TFF Opens Nominations for 2021 Awards
    Ink World

    Latest Breaking News From Ink World

    Epson Partner Creates Label Applicators for Pharmaceutical Products
    Smurfit Kappa Sets New Sustainability Targets with Better Planet 2050
    Georgia-Pacific Acquires 3rd HP PageWide Corrugated Press to Expand Hummingbird Digital Printing
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Arjobex acquires MDV Group
    Fix-A-Form eyes global expansion
    McCracken Label installs Fujifilm water-wash plate system
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Nice-Pak Receives EPA Approval for Disinfecting Wipes
    Rockline to Invest $18 Million in Arkansas
    Essity’s Sales Negatively Impacted by Covid-19 Pandemic
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    ChoiceSpine's Tiger Shark Cervical Spacer Earns Additional 510(k)
    FDA Green Lights Inspired Spine's Trident SI Joint Screw System
    FDA Clears Method to Extract Bone Measurements From X-Rays
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Osram Sees Jump in Profits in Preliminary 2020 Report
    LG Display Reports 4Q 2020 Results
    Xerox Releases 4Q, Full Year Results

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login