German chems to shed 3,500 jobs in 2009 - survey

18 November 2008 17:44  [Source: ICIS news]

TORONTO (ICIS news)--Germany’s chemical industry is expected to lose 3,500 jobs next year, compared with current employment of 342,500, according to a survey on Tuesday.

 

The survey, by chemical employee’s association VAA, found that 40% of chemical and pharmaceutical producers were mulling job cuts while only 22% were thinking of adding staff.

 

Production and service functions would likely be most affected by the cuts.

 

However, pharmaceutical and specialty chemical producers were expected to expand their workforces.

 

VAA cited the financial market crisis as a key factor impacting its projections.

 

The 30,000 member Cologne-based association represents the interests of non-union managerial and executive employees in Germany’s chemicals industry.

 

To discuss issues facing the chemical industry go to ICIS connect

By: Stefan Baumgarten
+1 713 525 2653

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly