Chemical giant BASF to axe 500 jobs

Author thumbnail
23 Apr, 2013 Updated Tue 23 Apr 2013 14:06 CEST
image alt text

German chemicals giant BASF said Tuesday it planned to axe around 500 jobs worldwide, including 350 in Switzerland, in its so-called performance products division over the next two years.


The cuts are part of a general restructuring of the group's businesses in plastic additives, pigments, water, leather and textile chemicals in response to "the changed market environment," BASF said in a statement.

"The currently planned measures will lead to a reduction of about 500 positions worldwide by the end of 2015."

In Basel in particular, centre of BASF's European operations for the plastic additives, pigments and resins business, a total 350 jobs would be cut by the end of 2015, the statement said.

The group pledged to implement the cuts "in a socially responsible manner."

BASF "will attempt to find job opportunities in other BASF Group companies for as many employees as possible," it said.




2013/04/23 14:06

Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also