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Wacker Chemie AG: WACKER Drives Implementation of Its 'Shape the Future' Efficiency Program Forward - Seite 2

"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, explaining the focus of the program. "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," added Staudigl.

"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," said 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," emphasized Hartel.

This press release contains forward-looking statements based on assumptions and estimates of WACKER's Executive Board. Although we assume the expectations in these forward-looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward-looking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. WACKER does not plan to update its forward-looking statements, nor does it assume the obligation to do so.

 

For further information, please contact:
Wacker Chemie AG
Media Relations & Information
Christof Bachmair
Tel. [phone]
[e-mail]

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15.10.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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