Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Chemicals multinational BASF is to cut 650 positions worldwide by the end of 2017.
This is part of a large-scale restructuring plan resulting in the closure of its plant at Paisley, Scotland, and cut-backs on staff in Huningue, France (140 of 242). Management also reported to probe options for its plant in Maastricht, Netherlands.
Furthermore, the restructuring plan also includes large investments in its production and RD units that will mostly affect sites in Nanjing, China and Ulsan, Korea.
Job cuts are additional to the 500 redundancies announced in April 2013, of which 350 concerned positions in Basel, Switzerland.
BASF is headquartered in Germany, employing more than 110,000 staff worldwide. In 2012, BASF had announced the cutback on 400 staff in its chemicals production in the EU.
Eurofound (2013), BASF, Internal restructuring in World, factsheet number 76087, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76087.
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