EMCC European Monitoring Centre on Change

BASF

Company/Organisation:
BASF

Geographic Location

Country: World
Location of affected unit(s): Germany

Company

Sector: Manufacturing
Manufacture of chemicals and chemical products
20 - Manufacture of chemicals and chemical products
Number Employed: 117000

Employment Effects

Announcement Date: 21-01-2021
Planned Job Reductions min: 2000
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-03-2021
Foreseen End Date: 31-12-2022

Additional Information

German chemical company BASF has announced that it will cut 2,000 jobs worldwide by the end of 2022, including 600 positions in Germany.

The restructuring programme will start in March 2021 and will affect jobs in the Global Business Services division. A large part of the activities will be based in the BASF service centres in Berlin (Germany), Kuala Lumpur (Malaysia), and Montevideo (Uruguay). The division was founded in 2020 and provides services for BASF’s business units, ranging from financial and logistical processes to services in the areas of communication, human resources, environment, health and safety. The programme is expected to save more than €200 million per annum beginning fiscal 2023.

The group employs more than 117,000 people worldwide, including 8,400 in the business services centres.

Previous restructuring programme was announced in June 2019 (6,000 jobs cut worldwide).

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