BASF

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Germany, other locations
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20 - Manufacture of chemicals and chemical products
20 - Manufacture of chemicals and chemical products
400 jobs
Number of planned job losses
Job loss
Announcement Date
5 October 2012
Employment effect (start)
Foreseen end date

Description

On 5 October 2012, the chemical company BASF announced its intention to cut around 400 jobs worldwide. 70 jobs will be cut in Germany. The company stated that this was part of plans to restructure its construction chemicals division.

BASF employs around 7,000 people within its construction chemicals division. BASF aims to offer the employees other positions within the BASF Group wherever possible. 

Sources

  • 5 October 2012: Les Echos
  • 4 October 2012: L'usine Nouvelle
  • 4 October 2012: Handelsblatt

Citation

Eurofound (2012), BASF, Internal restructuring in European Union, factsheet number 74266, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74266.