Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Chemicals And Chemical Products
20 - Manufacture of chemicals and chemical products

2,000 jobs
Number of planned job losses
Job loss
Announcement Date
2 November 2006
Employment effect (start)
Foreseen end date

Description

On 2 November 2006, the chemical company BASF announced another cost-saving programm which will lead to the cut of about 2,000 of its current 94,000 jobs worldwide.

Job cuts will affect BASF subsidiaries in Germany, Spain, China and the USA.


Sources

  • 3 November 2006: Financial Times Deutschland

Citation

Eurofound (2006), BASF, Internal restructuring in World, factsheet number 64380, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64380.