The chemical business is a cornerstone of the German economic system; virtually half one million folks work there. Now giants like BASF, Wacker and Dow are slicing 1000’s of jobs. It might be a harbinger of a bigger decline.
https://www.spiegel.de/wirtschaft/chemieindustrie-in-deutschland-basf-wacker-und-dow-bauen-massiv-arbeitsplaetze-ab-a-f6abe77e-ce7b-4eec-af04-555fced773a7#ref=rss