Germany Loses 2,900 Jobs as Two Big Companies Cut Staff

Wacker Chemie will cut 2,400 jobs, about 10% of its workers. This is part of a plan to save money. Both companies are having problems.
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Porsche said it needs to focus on its main business.
Some jobs will be lost at Cellforce, Porsche eBike, and Cetitec.
The chairman of Porsche said the company must focus on its core business.
This means making some difficult cuts, including closing some smaller companies.
About 350 jobs will be lost at Porsche eBike because the market has changed.
50 jobs will be lost at Cellforce because it's not viable anymore.
Cetitec will also close, putting 90 jobs at risk.
Porsche had a bad year financially.
Sales dropped 9.5% and profit fell 92%. The company had problems with electric cars and tariffs.
Porsche blamed delays, battery costs, and weaker demand in China.
Sales in China fell by 20% in the first quarter of 2026.
Wacker Chemie will cut 2,400 jobs due to weak demand and high costs.
The company faces pressure from low production and high costs in Germany.
Germany's industrial sector has had a tough time with closures and job losses.
Economists warn that Germany's industry may decline unless energy costs fall and demand recovers.
The latest job cuts will put more pressure on the government to act.