Germany's Pivotal Chemicals Industry Gripped By Crisis
Thomas Kadowsky imagined that he would keep working at the German industrial coatings plant where he had served as team leader for over 30 years until he retired.
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Thomas Kadowsky imagined that he would keep working at the German industrial coatings plant where he had served as team leader for over 30 years until he retired.
Thomas Kadowsky imagined that he would keep working at the German industrial coatings plant where he had served as team leader for over 30 years until he retired. "I was completely stunned," Kadowsky, 58, told AFP. Kadowsky and 130 other people will lose their jobs with the closure of the plant next year.
German chemicals lobby VCI trimmed its already grim forecast for the year on Friday, as high energy prices and structural problems for Germany as a business location hamper the industry. ...
The German chemical and pharmaceutical industry is becoming even more pessimistic for 2023 due to persistently weak demand. The German Chemical Industry Association now expects production in the...
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