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Finance
BASF to cut 6,000 jobs worldwide
by Marc S. Reisch
June 28, 2019
| A version of this story appeared in
Volume 97, Issue 26
BASF says it will cut 6,000 positions worldwide by the end of 2021. In November, the firm unveiled a reorganization aimed at increasing earnings by $2.3 billion annually but said it would not necessarily cut jobs. Now it says job cuts will come from organizational simplification and efficiency gains in administration, services, and operating divisions. However, it will continue to add employees in areas such as production and digitalization depending on future growth rates.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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