The reich holds chemical industry is in the middle of a major change in the global chemical industry.
The rechtsdienst (RCD), which makes chemical products including perfumes, was founded in 1869 and was one of Germany’s largest companies until the 1970s.
Today it has shrunk to less than 1% of the total market.
This year, the company announced a plan to cut production by 20%, or about 1,400 jobs.
But that doesn’t mean the reichsdiensts chemical production is going anywhere.
It’s been a tough year.
Reichs Dienst has faced a series of scandals and has been the target of several lawsuits.
The company, which has about 5,000 employees, has struggled to adapt to the changing world of chemical companies.
The latest scandal involving RCD has led to calls for a change in company culture.
Business Insider’s Emily DeMille reports.
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Reichdiensten has been a big player in the chemical industry for more than 50 years.
It was founded by chemist Ludwig Wilhelm Reich in the early 1900s, and its mainstay of products is perfumes.
It has long been a dominant player in Germany.
But in recent years, the chemicals industry has seen a sharp decline in production.
The industry suffered a major setback last year when a fire at the RCD chemical plant in Baden-Wuerttemberg, which destroyed more than 80,000 tons of chemical products, killed at least 11 workers.
That incident was the first of its kind in Europe, and the RCC has been accused of taking responsibility.
The government, which regulates the industry, has stepped in to help reduce the risk of fires.
And in December, the country’s health ministry announced that it would launch a new safety investigation into the fire, as well as another that is looking into the possible fire-safety risks posed by RCD products.
That prompted a massive rally in the stock market, and RCD’s shares have rallied nearly 200% in 2017.
Rechts Diensts CEO Hans Reichl has blamed the fire on the RCA, a company that produces chemicals used in perfumes and cleaning products.
He says he is not blaming the company’s management.
“The RCA did not design and designed the fire to be caused by RCA chemicals,” Reichld says.
“There is a huge amount of risk for RCA.
That risk is not only a problem for us but also for the RSC, the German chemical regulator.”
But some critics say Reichlls chemical company has not done enough to prevent a fire from starting at the plant.
“It’s clear that the company has taken steps to prevent the risk,” says Paul-Peter Heuvel, who teaches at the University of Freiburg and was an adviser on a project to reduce the chemicals that the RRC is currently using.
“But it’s not enough.
The companies management has to ensure that the fire is not started.”
RCA’s current use of chemicals is the main reason that the industry is shrinking, says Heuvell.
“That’s why the rechtdiensts is shrinking because they have no choice,” he says.
That’s also why Reichls plans to cut the production of some of its chemicals.
“Our next target will be the RCH, the rechtstich chemical,” he said.
That means fewer chemicals and a reduction in the amount of chemicals used.
That also means the reichendens chemical production will shrink, too.
That could lead to a reduction of about 10% in RCH production, according to Heuvell.
He hopes that the change will be temporary, but he has warned that the chemical will eventually need to be replaced.
“We are seeing that in the end, if it takes 10 or 20 years to do this, that it will be better to do it quickly,” he told Business Insider.
But Heuverll says the company needs to act fast to protect the environment.
“This company is a major contributor to the environment,” he explains.
“And they have to get that back to where it was before.
They must get to the point where they can be considered the leader in this industry.”