BASF to axe 6000 jobs worldwide
5% cut to global staff part of a drastic restructuring to simplify corporate structure
BASF will cut 6000 jobs by the end of 2021, as part of a structural overhaul, which the company expects to result in savings of €300 million (£265 million).
About half the cuts will come in Germany, and most of those at BASF’s headquarters in Ludwigshafen. According to a spokesperson, the company is unable to reveal where the other half of the cuts will hit. But staff in administrative functions will be most affected, BASF said, with the first cuts expected in January 2020.