Internal restructuring
Rheinland-Pfalz; Rheinhessen-Pfalz; Ludwigshafen am Rhein
Location of affected unit(s)
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Chemicals And Chemical Products
20 - Manufacture of chemicals and chemical products

2,500 jobs
Number of planned job losses
Job loss
Announcement Date
24 February 2023
Employment effect (start)
24 February 2023
Foreseen end date
1 January 2024


As announced on 24. February 2023, the multinational chemical company BASF, will be cutting approximately 2,500 jobs in Germany until 2024 as part of a global restructuring plan. As a consequence of exploding energy prices in 2022, BASF will be implementing a worldwide restructuring programme with the intention of saving €500 million in costs starting in 2024. The programme includes the reduction of 2600 jobs worldwide – mainly in the service, administration and research sector of the company. Of those job approximately 1800 are attributed to Germany - Ludwigshafen. Additionally BASF will be cutting 700 jobs at its production at Ludwigshafen.

Due to company agreement, there will not be any redundancies until the end of 2025. Therefore, the job reduction will mainly be achieved by voluntary programmes and placements at other sites or firms.

The announced global restruturing plan for BASF in 2023 has been recorded in the ERM database (BASF-2023-WO).  



Eurofound (2023), BASF, Internal restructuring in Germany, factsheet number 108584, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108584.