First Nine Months Strong for Wacker Despite Slowdown

To counteract adverse market developments, the company is optimizing cost structures. “Over the past few weeks, we stepped up activities in this area and introduced numerous cost-efficiency measures across all areas of the company in order to secure our long-term financial position and earnings power,” said Sick. The measures include a recruitment freeze, reassessment of current projects and scheduled investments, reduction of inventory, and cancellation of numerous benefits and activities within the company, along with cutbacks in manufacturing, including the closing of a production facility in Tredegar, Wales.