EMCC European Monitoring Centre on Change

BASF

Company/Organisation:
BASF

Geographic Location

Country: Germany
Region: Ludwigshafen am Rhein, Kreisfreie Stadt; Rheinhessen-Pfalz; Rheinland-Pfalz
Location of affected unit(s): Ludwigshafen

Company

Sector: Manufacturing
Manufacture of chemicals and chemical products
20 - Manufacture of chemicals and chemical products
Number Employed: 122000

Employment Effects

Announcement Date: 27-06-2019
Planned Job Reductions min: 3000
Planned Job Reductions max: 3000
Type of Restructuring: Internal restructuring
Employment Effect Start: 27-06-2019
Foreseen End Date: 31-12-2021
Other Job Reduction Measures: 3000

Additional Information

The chemical producer BASF will be cutting 6,000 jobs worldwide, of which 3,000 jobs in Germany until the end of 2021 due to internal restructuring. Mainly jobs in administration and jobs affected by processes' automation at the plant in Ludwigshafen will be affected. The job reduction is part of a worldwide savings programme which was initiated in November of 2018 with the intention to save up to €300 million annually and increase the operative profit by €2 billion.

The works council criticised BASF for not specifying which work processes will no longer be necessary and it intends to negotiate a new plant agreement for Ludwigshafen. The current agreement excludes collective compulsory redundancies until December 2020.

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