The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
270 jobs Number of planned job creations
Announcement Date
28 June 2006
Employment effect (start)
1 October 2008
Foreseen end date
31 December 2009
Description
On 28 June 2006, the Wacker Group, a chemical company in Germany, announced the creation of 270 jobs at its new site in Burghausen till the end of 2009. Wacker plans to expand its annual polysilicon production capacity by an additional 4,500 metric tons to a total of 14,500 metric tons by the end of 2009. Wacker has earmarked capital expenditures of around EUR 300 million for this project.
Sources
30 June 2006: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2006), Wacker Chemie, Business expansion in Germany, factsheet number 62805, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62805.
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